Calculation of Take home pay in India

jinx2007 · Post by **jinx2007** » Mon Sep 10, 2007 9:37 am

Hello folks,

After reading a few posts I relalized that the rule of thumb for salary estimate in India is 10 Years experience = 10 lacs/annum and 15 years means 15 lacs/annum. Now, I want to understand what this 15 lacs/annum will mean in terms of take home pay. I am sure it is not as simple as 15 lacs /12! I know there is this TDS, provident fund, etc, etc, ... I am not even sure what the tax rates are in India ...? can someone please explain how to make a rough estimate of take home pay PM ?

Assuming 50K to 70K Rs/PM expenditure for a family of 4 (if thats a reasonable) is there any savings that we can expect ? Appreciate if someone can help understand :)

ct2blr · Post by **ct2blr** » Mon Sep 10, 2007 10:58 am

Approximately 60% of CTC.

b2b · Post by **b2b** » Mon Sep 10, 2007 1:33 pm

Use the excel workbook from Financial Year 2007-08 (Version 10.1)

It will give you exact picture and you can do simulations as well.