Got Infinia In First Try :)

[swipesmart]

Hi,
I got Infinia based on my salary eligibility. I went to branch and submitted all the documents. After 1 week I got message for Approval, first stage approval was Online check and after that I think it's manual check for which I got message after 2-3 Working days.

After card approval message, one of HDFC Agent called and was trying to sell Insurance along with Infinia. I'm not sure it was something that they started now or was it before also. They were saying it's mandatory to take it. For which I said it was not informed to me at the time of taking the card and hence you can cancel the card on that they said it's fine they will cancel the medical card and I will not have to pay for it.

QQ: Was it right decision to cancel the medical card ?

 

[Shin-Chan]

salary eligibility criteria?

aapka turnover dekh ke aapko waise hi de denge

 

[m4b]

aapka turnover dekh ke aapko waise hi de denge

Ye FNO ka turnover bhari padega ka kabhi ☠️

 

[Shin-Chan]

Ye FNO ka turnover bhari padega ka kabhi ☠️

10 Cr cross kar diya kya?

Audit is mandatory above 10 Cr turnover

 

[m4b]

10 Cr cross kar diya kya?

Audit is mandatory above 10 Cr turnover

Yep I know. Kya pata FY24-25 mein hojaye

 

[prashu]

I would have earned for more drugs 🥲

I am curious to know. Are you a self employed or salaried person. If salaried, what technology you are working on

 

[swipesmart]

I am curious to know. Are you a self employed or salaried person. If salaried, what technology you are working on

Salaried person. Software developer

 

[shivamk]

I think OP had a Regalia which he closed. so kinda yes.

I just opened a SavingsMax with HDFC. Took Millenia & Swiggy LTF (last week), salary is between 2.6-3L nett. So I won't be eligible in future(say 6months-1 year) down the line 🙁

You got Millennia LTF as well?

 

[CodeCrusher]

3L per month 🙄. You are smuggling drugs or what ?

He is most probably creating softwares.

 

[SonyTom]

Salaried person. Software developer

What were the documents you submitted to branch along with application?

 

[imdjay]

Salaried person. Software developer

Asking again. assuming you missed my last post.
what CTC gives 3L net monthly.

 

[CCsearcher]

You got Millennia LTF as well?

Nope. FYF + 1750 vouchers for applying online and activating(DIY voucher, there was an offer going on in May). So I am considering it to be free for 2 years.

 

[CCsearcher]

Asking again. assuming you missed my last post.
what CTC gives 3L net monthly.

It should be somewhere around 50L. 45L gives 2.67 in hand after PF, Tax and other deductions.

 

[imdjay]

It should be somewhere around 50L. 45L gives 2.67 in hand after PF, Tax and other deductions.

No. It won't be. Only OP can answer this correctly.

 

[swipesmart]

Asking again. assuming you missed my last post.
what CTC gives 3L net monthly.

46L+ will give. Also, based on your tax planning.

 

[imdjay]

46L+ will give. Also, based on your tax planning.

Monthly 3L+. I don't have salary account with HDFC.

Are you certain you're getting more than 3L net from your 46LPA CTC?

I'm starting to seriously doubt this entire thread.

@vaibhav111 @ashwink @bvc19296 How can we ensure that newcomers aren't creating threads with false information just to increase their post count?

 

[Slayer]

46.5L CTC only crosses 36L post tax that too only if you're claiming 5L deduction (excluding standard deduction) in old tax regime

If your CA is doing ghaplabaazi to get 5L deduction then very nice

 

[swipesmart]

46.5L CTC only crosses 36L post tax that too only if you're claiming 5L deduction (excluding standard deduction) in old tax regime

If your CA is doing ghaplabaazi to get 5L deduction then very nice

I'm in OLD tax regime, and I'm claiming 80% HRA given amount which is saving major portion of my tax. By paying rent to my parents

 

[Slayer]

I'm in OLD tax regime, and I'm claiming 80% HRA given amount which is saving major portion of my tax. By paying rent to my parents

Then you are fool who doesn't have enough knowledge about how to do it.

To be honest I would choose new tax regime

Post Tax (Old) - 36.08 (5L deductions to be claimed)
Post Tax (New) - 35.7 (no randy rona)

And only in specific niche situations i'll recommend someone to go with old regime

 

[CCsearcher]

Don't want to get in to the mud, but aren't you two the ones trying to change the topic of this post? If the ones having the "Contributor" or "VIP Lounge" tag want to be THE ONLY ones sharing the information then Technofino shouldn't allow newbies to create an account on the first place. You don't want the newbies to share info or put up queries because it will take up a post ? Say it out explicitly instead of getting hung up why someone is earning what he/she is earning.

 

[imdjay]

Then you are fool who doesn't have enough knowledge about how to do it.

Thank you for pointing this out. I would appreciate it if you could educate me a bit more.

First, when I asked about your CTC, I assumed it included components like PF and Gratuity, as is standard in the IT industry. Therefore, the actual gross amount would be less.

Second, companies offering high CTC often allocate a significant portion (around 30%) as variable pay. This variable pay is typically disbursed quarterly, half-yearly, or annually, rather than monthly, which can affect your net monthly salary.

Assuming you're proficient in tax savings, it would be helpful if you could share some effective strategies with us.

Also, please review this sheet and update your assumptions accordingly. It already accounts for the full 80C, 80D, and the 50k standard deductions under the old tax regime. You can see 46LPA will not give you 3L monthly net credit even if you opt for full allowed HRA.