India, June 19 -- A LinkedIn post by investment banker has gone viral for highlighting how even a seemingly high salary of Rs.70 lakh per annum barely offers financial comfort in India's metro cities.
In his detailed post, Sarthak Ahuja breaks down the math to show how rising living costs, lifestyle aspirations, and expensive real estate are squeezing urban professionals.
(Also Read: '50 LPA is the new 25 LPA?': Bengaluru tech salary debate sparks mixed reactions on X)
According to Ahuja, a person earning Rs.70 lakh a year pays nearly Rs.20 lakh in taxes, leaving around Rs.4.1 lakh as monthly income. Of this, major fixed expenses quickly eat up the bulk, Rs.1.7 lakh goes towards a home loan EMI (for a Rs.3 crore flat), Rs.65,000 for a ...
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