Question: Is 17 Lakhs A Good Salary In India?

Is 1 lakh a good salary?

1 lakh is not a small amount of money but it entirely depends on your lifestyle.

If you try to live a high end lifestyle, spending more than 80% of your income living that life, then 1 lakh will seem less.

With the right balance, 1 lakh can certainly give you a peek into luxury..

Which tax regime is better for 20 lakhs?

If the total is equivalent to or exceeds Rs 2.5 lakh, then he/she would pay the same or less tax in the existing tax regime vis-à-vis the new regime. On the other hand, if the total tax-exemptions and deductions claimed are less than Rs 2.5 lakh, then the individual would be better off opting for the new tax regime.

Who has the highest salary in India?

List of Top 12 Highest Paying Jobs in IndiaDoctors and Surgeons.Data Scientists.Investment Banker.Software Engineers.Commercial Pilots.Chartered Accountant.Artificial Intelligence Professionals.Marketing Professionals.More items…•

Is 20000 a good salary in India?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. … At best, the figure could be stretched to around Rs 7,000. Living Expenses. Then, they have to consider living and transportation expenses, which will have to be managed within a budget of Rs 5,000-7,000.

Is 18 lakhs a good salary in India?

There are factors such as if you are staying single or have dependents, your expenditure. However, in general 18–20 LPA is a good salary in India. … 18-20 lakhs per annum a good salary in India for a software developer with 4 years of experience and a masters degree in the USA? YES, very much.

Is 35 lakhs a good salary in India?

Is 35 lakhs per annum a good salary to move back and live in a metro city in India? 35 LPA in 2017 is good package. Again 150k is also great package when we compare with Canadian salary standards. … Again 150k is also great package when we compare with Canadian salary standards.

Why is salary so low in India?

Because a lot of people would rather work for less salary than stay jobless. The second reason is the cost of living. The cost of living in India is less than in western developed countries. You can not expect to work here and get the salary of that country.

What is considered as a good salary in India?

12 – 15 lakh per annum. Anything below that gets difficult for the specimen.

How can I save tax if I earn 20 lakh?

Tax DeductionsSection 80C Exemption – 1,50,000.NPS 80CCD(1B) Tax Exemption – 50,000.Medical Insurance (Self & Parents) – 60,000.Interest on Education Loan – 50,000.

Can I deposit 10 lakhs in bank?

If you cash deposit more than Rs. 10 lakhs from your savings bank account – Bank will report to Income Tax authority. If you do fixed deposit more than Rs. 10 lakhs in a financial year – Bank will report to Income Tax authority.

Is 15 lakhs a good salary in India?

It is good. Definitely. People at your age are making much less than that and some are even jobless for the time. Your total income being 15 lakhs , makes it around 1 lakh and 2.5k.

How can I save tax if I earn 15 lakh?

The most popular of these include investments in Public Provident fund, life insurance, tax –saving fixed deposits etc most of which fall under the Rs 1.5 lakh maximum limit provided as per Section 80C.

What can I do with 2 lakh rupees?

5 Best Investment Plans in India 2020 Between Rs 1 – 2 LakhsPublic Provident Fund. The Public Provident Fund or PPF is a kind of investment tool which helps individuals to save their hard-earned money for over 15 years. … National Savings Certificates (VIII Issue) Account. … Fixed Deposits in Banks. … Mutual Funds. … National Savings Time Deposit Account.

What is Infosys fresher salary?

The typical Infosys Fresher salary is ₹4,55,314. Fresher salaries at Infosys can range from ₹1,47,264 – ₹11,80,812.

Is 30 lakhs a good salary in India?

25 or 30 lacs per annum certainly makes you a millionaire. Now coming to your question, the answer is as follows: Even if you like a lavishly royal life, I think that 22-24 lacs are enough per year. So with rest of 5-6 lacs, you can go on a foreign trip every year.

Who is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.

What is the income tax on a salary of Rs 5 lakhs per annum?

Those individuals earning between Rs 2.5 lakh and Rs 5 lakh will pay 5 per cent tax. A 10 per cent tax will be charged on income between Rs 5 and 7.5 lakh, 15 per cent, 20 per cent and 25 per cent on next Rs 2.5 lakh each and 30 per cent on income above Rs 15 lakh.”

Which is the richest job in the India?

List of Top 10 Highest Paying Jobs in IndiaMedical Professionals (Doctors & Surgeons)Data Scientist.Machine Learning Experts.Blockchain Developer.Full Stack Software Developer.Product Management.Management Consultant.Investment Banker.More items…