Living on 55 Lakhs Package in India | Fix Your Finance Ep 22
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- Опубликовано: 8 сен 2024
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Hello guys, welcome to another episode of Fix your Finance. In today's episode, I meet Sumanth, a 26 year old software developement engineer( SD 2) working in a startup.
In this episode, we cover
-Sumanth's income and expenses
-How to manage home loan with increasing Interest rate?
-How to manage investments?
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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At 26 itself this guy knows what he wants from life, I am 40 right now and I had this maturity when I turned 38, kids these days are super smart and mature.
Enjoy Life and Be Happy with what you have..is the biggest maturity ..
Never met a 40yo who has a youtube dp and the name what ever
@@thedislikebutton163 hhhhhhhhhb
I am 40+ and I completely agree with you..
Its all about Flex your finance
This guy represents the majority of Software engineers in the country. Everyone has the same thought process which has given a new meaning to the rat race. Instead of climbing the corporate ladder , everyone wants to be financially free. I hope the golden day comes for all.
Yaar Anshuman you are again bringing people who are set for life. Please focus on how he reached the 55L salary, or how to manage to invest with a 30K salary in Bangalore. Thanks
If you have a 30k salary in Bangalore, you should not be focusing on a investing in equity, you should be investing in yourself, because the rate at which your salary can increase from here is exponentially higher than any market returns
@@spencer214 bt if he is living with parents in banglore then he can. I also live in mumbai bt with parents. So I started investing when my salary was 20k since last 4 yrs.
@@Dattebayo3089 you should always make sure you get independent before investing in equity. Why not look for career growth in 4 years?
@@spencer214 i mean buying any new course doesn't cost that much. I also done several courses it was 20-50 k with emi. In india everything is cheap except house rent. And in usa also now 60% genz and millennial started living with parents. Cuz that rent amount actually killing our savings. Although living with parents is depressing many times. As I live with parents I saved 14 lacs in 4 yrs by investing stocks, mutual funds, ppf, fd. Now I can use that money for going abroad for study.
@@Dattebayo3089 yes that's fine if you're goal for the investing is set for near future and it is for expanding education 👍🏻👍🏻
Moral of story is - Even 50lakhs package also can make liable to loans for 29 years😏.
Imagine people doing it with much lesser than 50 lakhs
If i had this much salary i would have all saved it for 10 years and invested in UK real estate to get at least 10k pounds per month so that i can freely roam around the world without any tension for the rest of my life.
@@bendover-bz4bc who will give 10k pounds per month on that little investment?
@@bendover-bz4bc What will you do for survival for 10 years while saving this money? Let's assume you had no liabilities or assets and you managed to accumulate 55 lacs a year and for 10 years that 550k£ roughly. I currently reside in the UK and the house where I live usually costs around 300k£ minimum for 3 rooms. Again having assumed you purchased 2 houses both having 3 rooms. If that isn't a student property you are not getting beyond 1200£ a month from a house and combined of both you will have 2400£ a month. This has a lot of deductions to be done like property tax and blah blah but even in the bestest case you won't make more than 3000£ a month with 10 years of saving. Cheers
Bro he chose that. He could easily make it to around 10 years or even lesser!
After working in tech for almost 6 years what I have come to realise is your hikes and jumps just get you a higher EMI. Choose wisely where you wanna spend your time( time is the focus point here because time spent more or time spent less on things you value most will create a happy or a sad life for you) and then take financial decisions.
That's a very good point!
true
"Hikes and Jumps just get you a higher EMI" - No.
Many people in comment section earn close to this under 30 years.
It depends how you choose to spend and save.
@@dev_sa how many people earn close to this?
For them who are feeling left out, remember we all are learning and growing in our own timeline. You have to be mentally happy. The less you want, the more you will have.
If u are too slow in ur own timeline the world will move forward before u can breathe. :). Be realistic.
@@dibyanshumishra3536 There is no slow or fast concept in a timeline. Everyone moves smoothly and gradually. Do not compare or compete with world. Half of the world is faking it.
I will just say, the earlier u switch to those companies, the easier it is. Later expectations rise. After 3-4years it becomes next to impossible to get calls. The changes after becoming senior. Its good to be positive but being realistic is actually better.
26 year olds earning 2.3 L in hand ... I’m speechless 🙌 even top tier mba college pass outs don’t earn this much per month in hand
100%. In in IT those with 20 yrs plus exp don't get so much - i am referring to traditional IT companies.
@@ravipro One who loves computer science can make crores.
you mean coolie WITCH companies ??
@@torrtuganooh2484 Right
My friend with no formal tech education is a senior software architect earning 2 crore p.a.
He's 29 years old.
First time dekha 50 lakh ka package hai but zero emergency fund.
Bhai wo jitna talented dikh ra uske liye bahut mushkil nhi hoga manage karna Bina emergency fund k
@@varrnitjaiswal1484 isiliye itne talented logo ka layoff ho raha hai loss making companies me
Uska har mahina salary == emergency fund 😂
50 lakh ka package and financial independence ke liye 4 Cr only
@@saurabhghule7284 financial independence depends on your expenses , not income. If his expenses are 10L/annum, 40X being 4cr is pretty decent amount
Would have been extremely difficult to manage his life at a mere 55L package. I have complete sympathy for this poor individual.
Wtf
😂😂
He gets 1 lakh in hand rest is stocks
Fake inflated packages of India. Common story. Going abroad is better @@krox477
Hey Anshuman,
Fix your finance series is really great and helped me a lot.
But it would be great to see some realistic salary videos in between as well like not everyone earns so much.
Truly said. I too learned a lot.
I think these unrealistic ones are good as well.
You realise that even with higher salaries, yeh log kuch ni bacha paare. Even with our current salaries we can easily beat them in what they're saving.
Most underrated comment 👍🏻✌🏻
Exactly not everyone in tech gets this package .... mostly would be between 5 to 20 ...
@@chhavikantsingh You are wrong actually! all the top companies pay this package. But most aren't in top companies.. majority will be in service companies where the package range you mentioned is correct. Its good to show these salaries too because now ppl can broaden their thinking on how much package is possible in the market if they try forit.
A brief on how he reached that position or the skillset required would be more appreciated in the coming episodes
It's through DSA and development
Data structures, subjects - oops, DBMS, CN, OS, problem solving skills, aptitude.
Eligibility - B.Tech/M.Tech in Computer science.
He mentioned that dude
@@shilpamanocha2941 He is M.Tech(CS) and is a Senior Software Engineer heading a front-end development team. If he moves to the US, he will be earning in Crores not Lakhs. I can't get why he is still in India as most Telugu techies move to and settle in the US. He is slow and late.
Crack JEE and go to fkin IIT or NIT. Then crack faang interviews.
No shortcuts.
This guy is actually auditioning for marriage proposals 😂😂😂
Age 27
Ambitious, career oriented guy
55 lakhs package
Own house
Own car
He looks idiot 😂 making fool of himself
Yeh Hyderabadi logo ka chit fund ke sath koi alag hi rishta hai
More discussion here is on his salary than financial planning. Salivating on others salary is a very Indian trait.
11:07
It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
*Brother Anshuman While you were asking questions about money expenditures, you left the baniya people behind. Compared to what other RUclipsrs had done, it was very distinct. I've always believed that posing such questions is challenging because they might sound weird, but you accomplished it. You even asked how much the vehicle would cost each month🤗. Bravo, that's great. Keep doing a great job*
Thank you for the video.
No matter how much india tries to curb inflation, it will stay around 9 to 11% per year
It's been 6-7 for almost a decade now
No you are so wrong
Even with 2.5lac pm still postponing the family Jaipur trip😢. God bless this engineer 🙏🏼
Yes, that's correct mindset. One should be able to postpone such things. That's real enabler, not the paycheck one gets.
I'm 40 and earning 25k pm only and I'm happy for myself and this guy just state of mind
wtf
That's too little.. hopefully you are happy with your work
@@abhijeetdey bro I'm bachelor living with parents and highly spiritual actually I was victim of office politics and couldn't survive so I'm happy with how life is now...
@@chillingwithjai6351 This happens with everyone 🙃
@@chillingwithjai6351 that's good always choose happiness
Everyone in comments talking about his salary, pls remember he is an engineer in the world that’s extremely tech heavy. He is the king, can get any salary.
So don’t compare yourself but yes don’t stop learning new things that are relevant.
Secondly, if you want to get paid higher there is nothing better than job hops every 1.5-2 years in your early career. Once you hit an experience of 12-15 years then you can start in same company for stability coz you’ll be so much more ahead in salary than peers who didn’t not job hop.
This has worked brilliantly for me. I’m a millennial.
Hum log tehlte hue kuch bhi compensation le lete te.....i like his mindset....either do something big or dont do anything at all.
He knows the worth of his skillsets in the market....a very crucial information which 99% of us r unable to get information about.
Compared to the majority of us, he has clarity of things at a much younger age.
19 to 55 lacs is something I am astonished, and most surprising that being bachelor he still needs need to fix finance?
This is quiet common in IT now a days.
Any idea which company?
Didn't you heard his 29 year home loan tenure lol
Ye to kuch bhi nahi hai, kabhi IIM grads ke “dukh” dekhoge to life se resign krne ka mood ban jaega 😂
@@parammirani5517
Kabhi mechanical ya electrical engineer ko bhi lao bhai. IT industry me to sab he ameer hai aisa lagta hai
Pata nahi bhai Baaki Trade lgra he sb bekar he
Money is an enabler...
Nice quote Anshuman !!!
I hope this guy does not lose out with the startup ..God bless him
@@chaitanyakumar3817 2017
yeah no job stability. I hope he saves some bit for himself
Videos like these make me quit my job on the spot 😂😂😂. but kudos to the guy and congratulations to him. i personally would not have bought that car on a loan. Its better to buy a second hand car with all the money paid upfront. Once you go debt free trust me you will never want to take out an EMI again 😊
Anshuman Bhai thank you so much. Aapne itna acha advise dia mujhko 11:00 se 11:30 pe.
He is managing the money very well. I think he was reducing the monthly liability while going for 29 year loan.
There is a huge mismatch between IT packages and packages in other streams, it’s not healthy for our country.
Correct brother
Specifically no one would after 2-5 yrs ever will want to do medicine or PhD in non tech or other things like MBA or other professions
I am also software engineer, my in-hand salary is 2.4
it's ok for freshers
@@kunal6353 seems u r fresher
@@ankeshverma5229 not yet but soon 🥲, it feel very hard to survive in low salaries
Company?😅
lpa per month?
This guy can probably write code or ai to manage his finance
Or may be ask chatgpt to fix it.
Holding gold as emergency fund is a good strategy actually.
Nope, it is not
it could be but at the emergency you will not get money instance from gold as compared to money in fd + saving account and also rate of interest is not calculate for example in 2020 the gold price is same as of 2022 so if anybody invested in gold in 2020 as emergency fund and he needed that money in 2022 for some emergency he would get same money with almost 0% interest on it
What I am saying is valid only in case you already have gold jewels or have a need to buy gold. If you have a need for buying gold, you are going to buy it anyway. if you already have gold then no need to keep a separate emergency fund. It’s like two times your emergency fund sitting with no/low interest rate. In his case, he has to get gold jewel for his mom. That’s a need. He already spent for it. Now no need to spend again on emergency fund. He can use that money to invest now as he already have gold to safeguard him in times of emergency.
And gold has super high liquidity. You can pawn gold in all banks and sell it in Al jewellery shops and also pawn shops. Atleast where I come from, within 5 km radius max (even if it’s village) there will either be a bank/co-operative society/pawnshop/jewelleryshop.
@@thewiseinvestorTamil Konjam paarthu ezhuthu ma...Engayavathu Income Tax pasanga veetuku vanthuda poranga!!😜
Its only possible it tech, but it will fall very soon...
Amazon placement is very hard,the boy is a genuine, keep it up , save some money,pay all the dept ASAP
Wont fall anytime soon dude... its all cope and sour grapes we can do...
Isko dekh ke lagta he ki.. khamkha itna schooling,clg, engineering,pg kra....direct ek sal ka software development ka course krke join kra hota to 17 sal ka experience ho jata
This guy seems smarter than Anshuman. The secret is to invest early to compound and delay gratification.
Sath me chawanni v nhi jayegi....kamao utna hi jitne me life smoothly chle ar khus rahe ...baki sb moh maya h.....
✨
He will be fired, if he doesn't fit to that role hired for or doesn't perform well. Now a days, every IT person wants to earn more money, even though he/she doesn't have a caliber or deserve for such CTC's.
Getting fired is common nowadays due to recession
No company fires an asset even in recession
@@tubepeeper no one is irreplaceable
It is important to keep milestones for any buying decision. don't buy a car till u have family. build a corpus for every purchase u made, don't break ur existing savings for any purchase. Keep one loan at a time and pay as fast as possible. diversify ur portfolio and yes...don't copy other's lifestyle.
Your comment is like IKEA for wisdom ..😊
Hi All, Package doesn’t matter. It’s about understanding, what is your actual need and How do you manage your money. The one who doesn’t have Financial literacy will end up with liabilities and unhappy life even if he/she earns in Cr. Many of us having peer pressure that will make you unhappy and might lead you to take some bad decision.If we start worrying about what are missing then we will not enjoy what we have. It’s just my thought 😊 Ultimately everyone wants to live a happy life that’s why we do all these stuffs but that shouldn’t spoil our time and happiness..
Lovely,
7.45 would probably be fixed rate on car which would be around 10% reducing
Most of the people in your videos are from tech background and also they persued BCA or Btech! There are very few videos with people who are from different background and making it big.
I apologize if this is an unrealistic request, but could you please provide information on taxes, specifically TDS? The fluctuation of monthly salary can make it difficult to understand, as someone earning 30 LPA could earn the same or close to someone earning 25 LPA or less
Depends on Tax Planning & Tax benefits provided by employer. Many employers provided ways to draw a part of your salary as reimbursements e.g. car lease, professional edu., telephone, internet, food coupons. The more options the employer provides and you opt you get more in hand salary.
@@mayurkachchhava139 I could be wrong but based on what I understand there's a limit on how much one can save based on the instruments you have mentioned. What makes me curious is how someone with 30LPA has monthly in-hand almost similar to someone with 20LPA (this are just ballpark figures please don't take it literally)
@@imjshnu It’s function of 3 items.
1. Fixed compensation vs ctc. One can have 30L CTC but 25 as fixed and another 22L fixed only no variable. The in-hand salary is based on fixed portion and not CTC.
2. Tax planning. The 30L person if taking no deduction will end up with low in-hand per month ( most impacting are HRA & Home loan).
3. Tax saving options provided by employer.
A best example is HRA. Assume both have 5L as HRA. A pays rent to family and claims full 5L as HRA. B just claims 1.8L. The difference can amount to 10k in hand changes p.m.
Combined all 3 you can have large fluctuations brining 20L & 25L fixed at par.
One other way of temporary increasing the in hand salary for first 10 month is to delclare maximum amount of deduction to employer. It will increase inhand and defer tax liability.
@@mayurkachchhava139 Thank you! That was really informative ❤️
Nobody is looking about the tax and mandatory deductions. It comes to 19 lakhs.
Dude's Salary is 55Lakhs. His take home per month is 2.3 lakhs. After all the yearly bonus and all, it may barely reach 3 lakhs per month. 3lakhs x 12 = 36 lakhs per year.
Why is the government entitled to that much money.
00:32 One of the best answer I heard in my entire life of "Aur kya chal Raha hai, How it's going?"😇
Videos like this are like two faced coins.....one side it will motivate and gives hope that things will get better🥺....on the other side it will depress you with ... what am i doing with my life😥 ....by the way.. financial tips at the end of videos is helpful
Defines your character which side you look at
Same shit is happening with me, feeling sad after watching this earning 20% percent of what he is taking home
@@srivignesh3643 it"s just normal human trait. Unless you are more successful than that guy.
It's so sad to hear in India people having 50+ LPA package and getting ~2L monthly salary.
I'm working in an foreign company, working from home here in India. Trust me you'll get 100% in hand and also there is tax benefits as you'll counted as self-employed.
What company are you working for?
which company are you working at?
Role konsi h?
Hard to get such positions
@willingtushar guidance do thoda how you cracked it...
IT is all about uncertainty. So, most important thing is to keep some emergency fund.
I came here from the shorts and I DO NOT regret it..
“Money is an enabler”
Wow 👏👏
Sir Can you please put up a vlog on financial planning for single Unmarried people at their 50s and couples without children..I believe they have a different financial requirement in comparison with people with families of their own....big fan of your vlog...keep up the good work
Me if asked about retirement money : * inserts 7 crore meme *
Hey Anshuman,
After tax-shield from the home loan, the interest rate would roughly be 6/7% and he would be able to easily get a better annual return from the stock market in the long run, why should he invest his capital towards reducing the home loan in this scenario?
Personally I agree with him paying his home loan asap given the layoffs we are seeing in the technology sector losing job with a hefty debt can put him in a bad spot
I am 36 and my package is just 26 lakh with a loan of 30 lakh and zeo emergency fund. Kya life hai meri😢😢
Make 15000 Rd on salray day bro its will be helpful its will restrict you from some impulse buying and some unnecessary spendings..
Make sure you did that and forget you saved it
First of you you should have buffer amount of at least 5L liquid. Tech Industry is extremely unstable and going through huge layoff. This layoff can continue with AI and Automation. Its important to have money for sunny days.
Company :- Myntra
Myntra pays 55 lpa to their engineers? It's not even a tech company!
Isiliye layoff ho raha hai
@@vipulchandrajha8533 Who said myntra is not tech company! its online shopping right?? just like amazon!
@@mithunbobade1 Yeah. But I mean it's basic bread & butter is not selling tech products like Microsoft, Google etc.
Or even say Amazon whose main business is AWS.
Leave that also, it's not even in the SAAS business like Zoho etc.
It's more operations heavy where vendor management & logistics are more important than high tech.
My point is an Ecommerce company doesn't need any revolutionary tech like any hardcore tech copy.
Then why pay such ridiculous amount of money to a techie?
Thoughts?
How did you know bro
The only thing more surprising in the comments section is the people who are surprised how a professional SDE earns this much amount.
I'm 27, 6 years of experience and earn around 1.5L monthly, I'm doing my best to cross 2L/month amount and even then I'll not be comparable to my MAANG batchmates and friends(I'm currently in a startup)
People really really need to start paying attention to their surroundings, our population is not only financially illiterate it's also socially illiterate when it comes to salaries.
Itne package mein 10 fresher apna finance fix krlete.
Even more if it is tcs😅
I can totally relate 😂
@@anshumanfinance Apki bhi TCS me job lagi thi kya? :)
10freshers 10 thousand bugs😂
Companies have so much money to waste. No doubt why inflation is always on the rise.
Teri kyu jali... sabko thode na bant rhe h paise...
Crazy man, meanwhile me 2 years experience still on 8 lpa 😭, next year for sure badi chalang marunga 🤞
Average case me itna hi hota h bhai...
Sabka IQ 200+ nhi hota ki faang clear krle
All indian girls busy sending this guy shaadi proposals lol
Enjoy life also bro..covid taught all of us..people died on street leaving crores in bank account.
Details on his skill should have been very useful.
maybe in devops
I am working as income tax inspector. I feel very low whenever i see this much salaries in it sector and regret my decision of joining in income tax department. I am 25 and graduated in mechanical branch is there any possibility for me to settle in it sector with good packages?
Yes by taking brbes
IT is like a passing cloud. Man you are in goverment job in income tax department. this guys earn quick and vanish quick, you guys can stable for ever. Don't quit your job seeing this kind of videos.I am 20 years in it industry seen all up and downs. wise man advice.
11:07
Man never miss a chance for vacation with family
Yes i agree... It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
I am not sure whether he is doing right. But I would spend his savings money 80% to payback car loan first then home loan, and 20% I would invest for future until the loans are closed. Maximum both of the loan will be closed in 3 years to 5 years (Based on EMI I am guessing). Then utilize the remaining amount for gold purchase and index savings together.
My previous was 33L ( 30Fixed and 3 Var ) i used to get 2L in hand monthly. He needs to check the deductions again
Exactly what I thought 37 se 2.3
Le me watching this video with 5LPA CTC...😂😂
🤝🤝🥲
Mera 4LPA🤣🤣
Apna 2.4 lpa
My CTC - 7 crore 😎🤣🤣🤣
@@skmillionaire333 Haa ha don't say you play In IPL🤣
He is not investing properly, 27 lakhs in hand salary and expense 5.4 lakhs(45k monthly) if you remove car loan and home loan, net 21.6 lakhs he saves.
If he invests wisely in stock markets he can double the money every 2 years easily just by a researching a little bit in stocks. 40 becaomes 80 and 80 becomes 160 in 4years.
in 5 years he can by a 2 crore apartment in cash or reinvest the 2 crores again in the stocks.
I am 26 and earning 28k per month. I am depressed after watching this... What to do to earn money man.. in what to upskill and from where to upskill..
Same dude. I'm 23 making 26k. I don't know what's going on. I will just a start a small store.
Are you graduate btw?
do business and expand it year by year, the money you will make would be huge
I think I found this guy on quora to ask is 60lpa is good money to live in city like banglore.
You earn 40L, in hand is 2.3L
You earn 55L, in hand is 2.5L
Esop, variable, joining bonus is a must to know. They should remain in the co. Till retention bonus is given and then move on
Good going sumanth, keep it up buddy🔥
Bangalore is officially the ONSITE for tech people 😅
He is from Hyderabad, working in Hyderabad 🤦🏻♂️ Bangalore
He should tell what was his strategy to get this much amount in a separate video
Efforts
Hard work
I think the question was to the person in the video who achieved the package.
If you are a SDE who's really good at data structures huge packages like this can be easily achieved. It gets bit tricky for non software developers. But I can say with certainty that switching jobs really help. You can get unrealistic hikes. I jumped from 3.4LPA to over 20LPA + stocks + bonus in span of 14 months (switched 2 times) I am sure if I make another switch in next 7-8 months i can again try to get over 60℅ hike on my current package. I believe the key is aming for mid sized publicly listed SAAS companies.
@@imjshnu What do you think is this much compensation sustainable in the long run. I mean do you think that even in future can just knowing DSA beg such a large package? Just curious
What did I just hear. 10 Lakhs Medical insurance top up?
And then 90 lakhs kaa super top up..
Then What is the base coverage?
The terms are really confusing.
Main Medical Insurance coverage
Top Up
Super Top -Up
There are 3 terminologies.
Hope Ayushman clarifies this in one of the sessions and also explain the help of a Medical Insurance for self and parents and also, if or not to Trust corporate insurance.
If he's laid off in unforeseen circumstances and without a job for months....he will go bonkers
His one month savings are more than my total bank balance.. :D
When you have big base, you have to invest as much as possible in the beginning.
My friends taunt me asking you earn double than us where does your money go
1. Invest 50%
2. Pay for all expenses of home
3. Pay your personal bill
4. Insurances
Then you will be left with some 20-30k (if your base is 25-27 lpa)
Mazaaa aaya bhai❤. Zabardast video. Dekh raha hai binod kaise quality dheere dheere upscale hothi jaa rhi hai
People saving in 5.5 lakhs and people not saving in 55 lakhs has a huge difference..
He dint go to Jaipur and one having 5.5 lakhs went Jaipur twice a year..
I mean why do these guys behave like this.. crib this much with having this huge amt of package still
earn more to pay more EMI : better to earn less and invest more time on ourself to retire soon from ugly market
Do more Fix Your Finance videos dude.. this frequency is not enough.
Anshu....
It was a great video...
Proposing suggestions at the right point. That I felt very good.
One request plz make videos from lower middle class family or else village people ( under 5 lakh ctc)
These videos are only helpful for 5% people of india
95% people are earning under 5 lpa , it would be a great learning for india🎉😊
The young guy has made many mistakes which he will realize in 40s... Guys if you are reading this ...Start investing when you are young ..don't take loans like him.. rather stay on rent which will be cheaper and buy later post investments grow by 10x
Bro please make a video with him on how to land such high paying job in tech. Also what is his current company that pays so much, please tell
You can go for management roles as well in big consulting firms.
Management hires after 2-3 year in my company comes in cars like porche, audi, benz...
Tech is good but also look out for other relatively less crowded sectors. Lesser crowd, higher the chances of making it big. :)
I'm an SDE btw.
There are already tons of video on high paying software jobs on RUclips, but here he is addressing a niche genre of how people spend or invest which i think nobody is doing
@@coconuttree7404 I'm SDE too
Its literally written there he works for amazon
Iam working in pharma industry my salary was 25K/Month
Love this guys clarity of thought
He can’t buy a independent home even after 10 years 🥰🥰
But a RE agent can buy independent home in 3 years..
RE agent???
@@gauravruhela007 Real estate agent
For just clarifying: i have CTC for 35lpa.
And trust me guys i get in hand 2.5lpa.
Now u just imagine 50+lpa is just a myth.
Possible e nehi hai 35 LPA pe 2.5 lacs in hand
Your employer is fooling you. 35lpa ctc and you get just 2.5lpa in hand? Total exploitation.
My friend is getting 1.6 L per month on 27 LPA
And 1.28 per month in 21.25 LPA
@@rohink9266 how tf is it exploitation? It's CTC not in hand
@@Vsk-xd8nc It's just a joke. Take a look at his comment again. He has typed 'lpa' after both figures 😜
It's not 55 package.. It's 40 package where 6 lakh joining you will get for 1-2 year. ESOP in startup is like nothing if there is no funding most of startup won even able to pay you salary. From 4 lakh variable it's a same situation if bussniess doing well you will get complete or else zero. So 37-40 is pkg .. In market they just throw this number 55 but actual is less than 40 per annum
Would appreciate it if you share the linkedin profile as well.
He is from my college IIIT ALLAHABAD congrats sir 🎉
@Anshuman …. Kya Sahi banda hai yaar tu …. Keep it up bro
❤️❤️❤️
55 Lpa also need to "FIX YOUR FINANCE" means I am like "OMG"😂🙄😭
We will definitely meet soon to discuss my planning... 🤞
His CTC is not 55 bro, it’s 37base+4var+6joining bonus+2esop = 49 that too counting esop, which we shouldn’t as it’s paper money. But, yeah, it’s good.
U missed adding retention in bonus of 6lac in 2nd year. Hence 55l
You don’t add retention to your CTC as you don’t get that in the 1st year, so, your 1 year take home becomes 49. If you add retention to this, then, add esop as well, then, it becomes 61😅
Agree that esop for non listed companies is paper money, but still his in hand take home salary every month is excellent
Esops can be converted into paper money with just 1 click on your phone....
im not jeoulous but one thing to be said is that 16k for a depreciating asset aint worth it
Why does a bachelor guy with 2.3 lac per month salary needs fixing the finance.
Higher the amount the more reckless you become, scarcity teaches more than abundance.
How people negotiate on salary to get a good jump? Can you please cover this topic.
For that we need to be experts in the subjects
Good IQ and good skills
If it's a US based company then you are receiving your salary in the USD. For a US based company it is better to pay $50k - $60k to an engineer in India than paying $200k to an US based engineer. Companies save a lot of money through this way. This is the reason why US based IT/software companies pay so well in India. You will never see such growth in other industries.
Mostly the Indian HRs try to exploit engineers by offering 1/10th of what has been offered by the company. 50 lakhs is nothing to a US company. This is the salary of a lower class person in the US.
There are no labour laws in India and salary disparity is very big as employees get exploited very often. I was offered 50k pm by an MNC in Bangalore. I literally laughed on the face of the HR and left. They later revised the offer to 80k, but I still left. I would work in a tier 2 city and earn less.
One of my friends was working for a major US company through a vendor. The company was paying $200k to the vendor but my friend was receiving 30k INR pm. Do you see the problem here? TCS, Infosys, Wipro, Mahindra, they all do the same business. There are no labour laws in India.
If you are lucky then you will get a good package through campus placement as companies hire directly and their HRs have some quota to fill.
@@abracadabra7550 nah
@@aditya-ml6km yeah dude try cracking faang interviews of you think IQ is not needed
2.3 lakh per month? No wonder tech companies are laying off
In US its 4times that amount, indian engineers are cheaper.
These MNCs are not indian third world economy related... they operate in US markets