• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Got Infinia In First Try :)

swipesmart

TF Select
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 ?
 
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
 
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.
 
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.

 
Back
Top