New Delhi, July 24 -- Imagine earning a jaw-dropping Rs.40 lakh per annum, a dream salary for many, only to find yourself struggling to afford a simple vacation. This isn't a hypothetical scenario, but the stark financial reality of a 32-year-old IT professional, as decoded by Chartered Accountant Nitin Kaushik in a viral X post. His story has resonated deeply, sparking a widespread conversation about financial literacy and the perils of the "house rich, cash poor" trap.

Kaushik's post highlighted the case of an IT professional in Mumbai earning a hefty Rs.2.2 lakh per month take-home salary. Despite this seemingly robust income, the individual is barely scraping by. How? Let's break down the numbers that have shocked the internet.

The ...