Re: information regarding tax
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Thanks Saima for the swift response.
Yes the housing allowance is taxed. and the rest is kind of a joining bonus for the first year, and later depending on the performance etc.
can you still provide me a ballpark figure for the net i would get in hand? from what i have calculated using the figures in wiki, the total tax amount is coming to be around 12500/anum...means 33k/anum in hand (without taking into account the housing allowance+bonus)...is that correct?
Thanks and i really appreciate your help.