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    Salary 7cpc

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    Rakshit Amola
    1) The document contains salary details of an individual at different stages of their career ranging from 4-37 years of experience. It includes components like basic pay, DA, HRA, TA, gross salary and taxes payable. 2) The total savings required for expenses post-retirement for 20 years at 4% interest is estimated to be Rs. 7686086.792 based on an initial monthly expense of Rs. 50000 increasing at 6% inflation for 35 years. 3) Calculations are shown for salary, residual salary and amounts accumulated over 4 year periods until retirement at 37 years with the total amount being Rs. 10517604.29 which meets the required savings target.

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    Salary 7cpc

    Uploaded by

    Rakshit Amola
    7 views4 pages
    1) The document contains salary details of an individual at different stages of their career ranging from 4-37 years of experience. It includes components like basic pay, DA, HRA, TA, gross salary and taxes payable. 2) The total savings required for expenses post-retirement for 20 years at 4% interest is estimated to be Rs. 7686086.792 based on an initial monthly expense of Rs. 50000 increasing at 6% inflation for 35 years. 3) Calculations are shown for salary, residual salary and amounts accumulated over 4 year periods until retirement at 37 years with the total amount being Rs. 10517604.29 which meets the required savings target.

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    1) The document contains salary details of an individual at different stages of their career ranging from 4-37 years of experience. It includes components like basic pay, DA, HRA, TA, gross salary and taxes payable. 2) The total savings required for expenses post-retirement for 20 years at 4% interest is estimated to be Rs. 7686086.792 based on an initial monthly expense of Rs. 50000 increasing at 6% inflation for 35 years. 3) Calculations are shown for salary, residual salary and amounts accumulated over 4 year periods until retirement at 37 years with the total amount being Rs. 10517604.29 which meets the required savings target.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views4 pages

    Salary 7cpc

    Uploaded by

    Rakshit Amola
    1) The document contains salary details of an individual at different stages of their career ranging from 4-37 years of experience. It includes components like basic pay, DA, HRA, TA, gross salary and taxes payable. 2) The total savings required for expenses post-retirement for 20 years at 4% interest is estimated to be Rs. 7686086.792 based on an initial monthly expense of Rs. 50000 increasing at 6% inflation for 35 years. 3) Calculations are shown for salary, residual salary and amounts accumulated over 4 year periods until retirement at 37 years with the total amount being Rs. 10517604.29 which meets the required savings target.

    Copyright:

    © All Rights Reserved
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    of 4

    salary calc Column1 Column2 salary structure tax pa

    basic pay 56100 56100 1-4 115000

    dearness allowence 42% 67700 5-8 187500

    da (42%) 28274.4 78800 9-12 247500

    hra(27%) 0 118500 13-16

    ta 7200 144200 16-24

    da on ta (42%) 3024 182200 25-30


    gross salary 94598.82 205400 30-33
    npa(20%) 11220 225000 34-36
    doc salary pm 105818.82 before tax 250000 37 + years 1381250
    gross salary pa 1269825.84 before tax
    tax pa 103965.17
    inhand salary pa 1165860.67 after tax
    inhand salary pm 97155.06 after tax
    nps contribution 8437.44 11812.416 20249.856
    final salary pm 88717.62 after tax & nps
    savings pa 500000
    savings pm 41666.67
    salary for expenses pm 47050.95

    BASIC PAY DA Total TA incl DA income pm income pa taxes pa


    56100 23562 10224 89886 1078632 90726.4
    67700 28434 10224 106358 1276296 130259.2
    78800 33096 10224 122120 1465440 168088
    118500 49770 10224 178494 2141928 303385.6
    144200 60564 10224 214988 2579856 390971.2
    182200 76524 10224 268948 3227376 520475.2
    205400 86268 10224 301892 3622704 599540.8
    225000 94500 10224 329724 3956688 666337.6
    250000 105000 10224 365224 4382688 751537.6
    Income range Income tax rate
    Up to Rs. 3,00,000 Nil
    5% on income which exceeds Rs.
    Rs. 3.00,000 to Rs. 6,00,000 3,00,000
    Rs. 15,000 + 10% on income more
    Rs. 6,00,000 to Rs. 900,000 than Rs. 6,00,000
    Rs. 45,000 + 15% on income more
    Rs. 9,00,000 to Rs. 12,00,000 than Rs. 9,00,000
    Rs. 90,000 + 20% on income more
    Rs. 12,00,000 to Rs. 1500,000 than Rs. 12,00,000
    Rs. 150,000 + 30% on income
    Above Rs. 15,00,000 more than Rs. 15,00,000

    income pa after tax inc pm after tax nps ded other deduction
    987905.6 82325.4666666667 7966.2 2000
    1146036.8 95503.0666666667 9613.4 2000
    1297352 108112.666666667 11189.6 2000
    1838542.4 153211.866666667 16827 2000
    2188884.8 182407.066666667 20476.4 2000
    2706900.8 225575.066666667 25872.4 2000
    3023163.2 251930.266666667 29166.8 2000
    3290350.4 274195.866666667 31950 2000
    3631150.4 302595.866666667 35500 2000
    final inc no. of years residual collected fd
    72359 4 12359 49437.066667 56618.954661
    83890 4 23890 95558.666667 109440.79373
    94923 4 34923 139692.26667 159985.82938
    134385 4 74385 297539.46667 340764.01998
    159931 8 99931 799445.33333 915583.43029
    197703 6 137703 826216 946243.16123
    220763 3 160763 482290.4 552354.33921
    240246 3 180246 540737.6 619292.3594
    265096 1 205096 205095.86667 234890.82907
    37 3436012.6667 3935173.7169
    678478.22706
    monthly expense at age 25 50000
    Inflation rate 6
    increased monthly expense after 35 years 384304.3396
    years after retirement 20
    total amount needed for 20 years 7686086.792
    Interest Rates in Bank FD 4
    Salary 72359.27
    Residual Salary pm 22359.27
    Residual Salary pa 268311.2
    Residual Salary in 4 years 1073244.8
    Amount after FD of above principal for 4yrs 1255544.616
    Salary after 4years 83890
    Residual salary in 4 years 1626704
    Total amount after 8 years 2882248.616
    Amount after FD of above principal for 4yrs 3371823.216
    Salary after 8 years 94923
    Residual Salary in 4 years 2156307.2
    Total amount after 12 years 5528130.416
    Amount after FD of above principal for 4yrs 6467130.688
    Salary after 12 years 134385
    Residual Salary in 4 years 4050473.6
    Total amount after 16 years 10517604.29

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