Is 10 LPA a good salary for freshers?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
If you are a recent IIT graduate, you may also expect to get a 20LPA package from any product-based company.
Although the cost of living in Bengaluru and Pune is relatively high, it ultimately depends on how you want to live. A 2BHK in a single structure costs between 15 to 20k, whereas a gated community with all amenities and a luxurious vibe costs between 30 to 40k.
You can travel by bus with a monthly pass ranging from 2000 to 3000, or by motorcycle or car.
So, if you live a luxurious lifestyle and want to experience everything the city has to offer, 10LPA is less. However, you can still accomplish a lot with 10LPA.
Again, depending on your investment and taxes, your salary will vary.
PF: 1800(your) + 1800(company) – both part of your ctc: 3600 INR
Professional tax: 200 INR.
Krishi Kalyan Tax: 10INR
Income Tax: Approximately 2000INR
Total deductions: 5810 INR.
So, depending on your investment and taxes, your monthly compensation will range between 75,000 and 80,000.