From April 1, 2026, two sets of rules have changed that will directly affect your salary slip and your tax outgo. One is about how your CTC (cost-to-company) is structured. The other is about how much HRA exemption you can claim. In this post, let us look at both. The 50% Basic Salary Rule Under… Continue Reading
What would you prefer? Paying tax on Rs 25 lacs or paying tax on Rs 21.4 lacs? Silly question, right? You would obviously prefer the lower taxable income. That’s exactly what a car lease through your employer can do for you. And no, this is not some aggressive tax avoidance trick. This is a legitimate… Continue Reading
A common answer is 35-40% of the net take home salary. If you search on the internet, you will get an answer in a similar range. The banks may also have internal guidelines where they may not let your loan EMIs exceed a certain percentage of your net salary. When it comes to financial planning,… Continue Reading