Quick Answer: Is 30 Lakhs A Good Salary In India?

Can I deposit 30 lakhs in my account?

Yes.

The Income tax Department receives information through its AIR network , ie Annual Information Return.

Hence , when Rs 30 Lakhs will be deposited….

What is fixed pay in CTC?

The base salary which is definite regardless of the employee performance including other allowances minus tax on a monthly basis is defined as fixed pay and variable pay is a bonus or reward given to the employee for his/her high standard of performance in the company for the current year and is taxable.

Can I deposit 2 lakhs in my account?

Here customer should note that, deposits of up to Rs 2 lakh is free per account per month in home branches. However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150.

Why is salary so low in India?

Because a lot of people would rather work for less salary than stay jobless. The second reason is the cost of living. The cost of living in India is less than in western developed countries. You can not expect to work here and get the salary of that country.

Who is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.

What is the salary of IAS?

IAS Pay Scale and GradesGradePay ScaleYears of Service RequiredSuper Time Scale1,00,000 – 2,00,00017 to 20 yearsAbove Super Time Scale1,00,000 – 2,00,000VariesApex Scale2,25,000 (Fixed)Varies( around 30 years)Cabinet Secretary Grade2,50,000 (Fixed)varies4 more rows•Sep 22, 2020

Is 35 lakhs a good salary in India?

To sum up, 35 lacs is just ok for a big city. You can easily burn 1 lac plus in India in household expenses if you wish to live lavishly (and I am assuming no debts to be paid back). It depends basically on what kind of life style you want to have.

Is 30 LPA a good salary?

30 LPA is awesome for a middle-class person. But more is possible for a person earning 30 LPA as an employee (because that requires near-mastery of the skill, in this case, software development).

Is 1 lakh a good salary in India?

First up, 1 Lakh per month is simply not enough to live a luxurious lifestyle. Satisfaction is a whole another ballgame. Simply put, no one is ever completely satisfied with their salary. … To attain a general level of satisfaction, 1 Lakh per month is not that different from 30k per month.

Can I deposit 50 lakhs in my account?

Deposits in Current Accounts : Cash deposits or withdrawals aggregating to Rs 50 lakh or more in a financial year in one or more Current Account of a person will have to be reported by the bank to the I-T authorities.

How much interest will I get for 30 lakhs?

You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you a 7.6 percent interest per annum, payable monthly.

What percentage of CTC is take home?

Net Salary or Take-Home Salary Public Provident Fund and Employee Provident Fund are a stipulated percentage of the employee’s salary, typically no less than 12% of the basic salary. Whereas, gratuity is a percentage of the basic salary, typically 4.81% of the employee’s basic salary.

What is a good salary in India?

12 – 15 lakh per annum. Anything below that gets difficult for the specimen.

Which job has highest salary?

List of Top 10 Highest Paying Jobs in IndiaMachine Learning Experts.Blockchain Developer.Full Stack Software Developer.Product Management.Management Consultant.Investment Banker.Chartered Accountant.Marketing Manager.More items…

What jobs are most in demand?

Here are the most in-demand jobs, including average salaries and qualification requirements.Operations research analyst. … Financial advisor. … Health services administrator. … Registered nurse. … Web developer. … Physical therapist. … Information security analyst. … Statistician.More items…•

Which govt job has highest salary?

Top 10 Highest Paying Government Jobs in IndiaIndian Foreign Services. Indian foreign Services officers are selected through Civil Services exams conducted by the UPSC. … IAS and IPS. IAS and IPS are the most sought-after government jobs in our country. … Defense Services. … Scientists/Engineers in ISRO, DRDO. … RBI Grade B. … PSU. … Indian Forest Services. … State Service Commissions.More items…

What is the easiest job in India?

Easiest Jobs in IndiaManagement Professional.Software Engineer.Radio Jockeys.Actors.Event Managers.Photographer.Tourist Guide.Freelance Writer.More items…

How much money do you need to live comfortably in India?

India is quite cheap as compared to many other countries. Cost of living depends on what you do and where you live in the India. Basic need living costs such as food, water and shelter costs you around 15000 to 20000 INR. Depending on your expense, it may result in a higher amount or lower amount.