Abhi
If you are following me and my journey towards 5-to-5-in-12, you should be aware of my story, my lifestyle and more importantly what my salary in India is. This will help you to better relate with my story and compare. So here are the details.
I work in a MNC software company in Bangalore, Karnataka, India. I started working from the time I started college (full time, I handled both college and a full time job together as I did not want to burden my parents). My initial salary 10 years ago was a princely sum of Rs.7000 per month. I sustained in Bangalore through my college days on this.
What is my Salary in India
As of now, I am in a mid-management position in a software MNC earning almost a lakh per month. Here is a breakdown of my pay:
| What | How much |
| Basic Salary | 41525 |
| House Rent Allowance | 20763 |
| Flexible Allowance | 13775 |
| Company Leased Vehicle | 12700 |
| Fuel, Transport and Car Maintenance | 12500 |
| Telephone, Broadband allowance | 1250 |
| Sodexo (Food coupons) | 1800 |
| PF deduction | -4983 |
| Professional Tax | -200 |
| Income Tax (TDS) | -2929 |
| Total In Hand per Month | 96,201 |
How I burn
Now that you know what my Salary in India is, here are my fixed expenditures that goes out every month
| What | How much |
| Home Loan | 35200 |
| Parents (I am a good boy!) | 15000 |
| Credit Card (fuel, groceries, shopping, doc, travel and most other expenses) | 20000 |
| Phone, Internet, Electricity etc | 4000 |
| Apartment Maintenance | 2000 |
| Misc expenses | 2000 |
| Total Expenditure per Month | 74,200 |
| Remaining to add into Savings! | 22,000 |
Wrapping up
If you go through my lifestyle, you will see that there are a number of luxuries that I treat myself and my family to. I have put a stop to all of that and as of October’19, from the time I have got onto my 5-to-5-in-12 goal, I have rationed myself to only certain splurges every month. Net-net, I should have Rs.22,000 every month to stow away to increase my investments.
That is not all I make every month. I also have Rs.2500, I get as interest to Rs.2,00,000 I have loaned to my family friend. In addition to these, I also make a tonne in cash backs, credit card loyalty points, air miles and more. You will be hearing more from me on all of these as my story unfolds.
