Budget 2025 was a bummer!

I am earning 13.5 lpa and appraisal would be around 8-9% this year...so next fiscal year I would be earning around 14.6. it is kind of disappointing to see how a person who earns less than me gets more money in hand and it would take me almost two more years and appraisals to get that money in hand. Any clarifications or suggestions on tax saving is appreciated!..thanks

fastandcurious

1mo

works at

Zomato

This feels like me trying to save on a shopping spree 😂 But seriously have you considered health insurance or a PPF account for saving tax?

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greatking

1mo

A Team Lead

If you haven't already done so, look into the new tax regime and see if it suits your profile better. Some people find it easier to manage with fewer exemptions.

corporatenavigator

1mo

works at

Deloitte

If you're talking about new regime, there is a concept of marginal relief. So your taxes will be limited to the differential over and above the no tax amount. No one will ever get more in hand (although they may get the same amount) if your salary if more than them.

drummingtofu

1mo

works at

Tata Elxsi

Bro you will be getting more than 12 Lpa guy... Chill

yourscrewdriver

1mo

works at

Accenture

Indeed Very stupid budget and finance minister

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a deputy manager