I am contemplating an offer. Would be highly indebted if someone could dissect the offer and let me know the in-hand salary.
I invest 1,50,000 in 80C, spend around Rs 8000 on medical insurance and also have 50,000 in NPS.
Request someone to help me decode the in-hand salary.
S.No. Components Monthly Annually
A] Fixed Component
1 Basic Pay 37500 450000
2 House Rent Allowance 18750 225000
3 Supplementary Allowance 54397 652764
4 Leave Travel Allowance 6250 75000
Sub Total (A) 116897 1402764
B] Retiral Benefits
1 P.F 1800 21600
2 Gratuity 1803 21636
3 Superannuation 4500 54000
Sub Total (B) 8103 97236
Total (A) + (B) 1,25,000 15,00,000
C] Variable 1,00,000
Total Cost to Company 16,00,000
Thanks. 10th June 2019 From India, Chennai
Your in hand salary is 1,15,097, other components are eligible as per the terms and conditions mentioned in your appointment letter.
Net Salary = Gross-PF. 11th June 2019 From India, Mumbai
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