India, July 28 -- A Bengaluru-based techie sparked online debate after sharing how a significant salary hike felt more like a financial trap than a reward. The man, a father of two, who works in Data Science and earns Rs.48 lakh annually, was considering a salary hike which would grow his earnings to Rs.75 lakh. However, he claimed that the significant rise came with a whopping tax burden.
In a post on Reddit, the man described himself as "middle class," pointing to soaring rents, school fees, and rising household expenses, claiming his high salary was already stretched thin.
The Reddit post claimed that the new salary hike may increase his take-home pay by roughly 50% but the tax burden almost doubles from Rs.12 lakhs to Rs.22 lakhs. "...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.