Full-time, temporary, and part-time jobs. Both you and your employer each contribute 12% of your basic salary each month to the EPF (Employee Provident Fund). This is a voluntary scheme and your employer is not bound to pay anything. Any allowance for travelling for employment or on transfer, Deduction under Chapter VI-A deduction (80C,80D, 80E and so on) (Except Section 80CCD(2)). And hence we approximate it to 200 per month. Follow the three steps given below: The calculator may consider the basic salary as 50% of the CTC by default. 3. You get an idea of your contribution and the employers contribution towards your employee provident fund. AFTPL through its brand Jupiter has partnered with Federal bank to offer Savings Bank accounts, Fixed Annual Income Range (in Rs) Poorest . The PT is deducted from the employees basic income every month in India. Ltd. ClearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Provident fund contribution is mandatory for Indian companies. Moreover, your employer matches your contribution and invests the same amount in your EPF account. During campus placement drives, CAs are offered up to 8 lakhs per annum. Moreover, CTC in salary is not the employees net income; instead, it considers other additional services provided to an employee as livelihood necessities and security. takes away all the confusion around your salary. Your contribution is tax-deductible up to 1.5 lakhs under Section 80C of the Income Tax Act, 1961. Ltd. Jun 2021 - Aug 20213 months. Gratuity = (last months salary(Basic+DA) * years of employment * 15)/26, Gratuity = (last months salary(Basic+DA) * years of employment * 15)/30. Employees State Insurance is the financial scheme to cover the employees social and health security under the Employees State Insurance Act, 1948. Salary calculations include gross annual income, tax deductible elements such as Personal Disability, Personal Tax Exemptions, education tax and include age related tax allowances. Last edited by aseem : 23rd April 2010 at 13:23. You have only 35 minutes to answer 20 questions, so you must use your time wisely. Designed and Studied Piping and Instrumentation Diagram. Under such cases, employees must use the carry forwarded journey in the first calendar year of the subsequent block. House Rent Allowance (HRA) is the monetary benefit given by your employer for expenses related to rented accommodation. fees and charges. Individual taxpayers have an option to choose between the old tax regime and the new tax regime. Top employers in Mahabaleshwar. It reduces tax evasion afterward because, anyhow, employees have to submit the tax according to the Income Tax Act. 18-30 years of age (waiver up to 35 years old possible) At least 5 feet 4 inches to 6 feet 5 inches tall. Gold loan is sanctioned based on the . The employer gives an allowance to the employee for travel expenses called the leave travel allowance. what is my in hand salary when I get 40 lac package as software engineer and how much increment in my salary after couple of years. The automated tool helps calculate your take-home salary in a matter of seconds without you having to do the math. includes a formula box, where you can enter your CTC and the bonus included in your CTC. Link to Free Masterclass on Excel. (the math is f-up but you get the picture) There are lakhs of people in that top 1%. Its calculated as a percentage of basic salary to mitigate the impact of inflation. The data was taken from the Periodic Labour Force Survey (PLFS) 2019-20. We have considered Professional tax rate slabs of Karnataka State. Gross Salary = Rs 8,00,000 Rs 50,000 = Rs 7,50,000. Even if it is not harmful to employees, employers must observe the necessary calculations. 65,000/- Per Month. So, the amount will be the same. For instance, if a business is on a smaller scale and has fewer employees, the CTC calculations are lower. Let us assume you also have a deduction of 3,000 per year towards employee insurance. The allowance only covers railway ticket prices and airfares. PMEAC Chairman Bibek Debroy Suggests Revisiting Income Tax Rates Through Reforms, Disinvestment, Privatisation, Govt Reconstitutes Economic Advisory Council to Prime Minister for Two Years With Debroy as Chairman Again, Need 'GST Council-like Body' For Public Spending to Revive Economy, Says PM Economic Advisory Council. Income Tax calculations, Municipal Taxes and National Pensions Fund factoring for 2023/24 with historical pay figures on average earnings in India for each market sector and location. So it vary from the company to company and every company is having their own attributes. According to the latest State of Inequality in India report released by the Institute of Competitiveness, the nature of a persons job determines the level of income. Annual Salary (LPA - lakh per annum) Monthly Salary Range: Yearly Salary Range: 1 LPA in hand salary: 7,600 to 8,300: 91,600 to 1,00,000: . with perks like Salary Rewards* with monthly salary credit, a ZERO balance account, 7% interest* p.a., and many more compelling benefits you cant resist. JD for Customer Support Executive*. Enter the bonus included in the CTC as a percentage or amount. A salaried employee can claim the LTA exemption under Section 10(5) of the Income Tax Act. iCalculator also provides historical Indian earning figures so individual employees and employers can review how much tax has been paid in previous tax years or you can use the salary calculator 2023/24 to see home much your take home salary will be in 2023. It translates to 12% of Rs 15,000 = Rs 1,800 a month or Rs 21,600 per year. (adsbygoogle = window.adsbygoogle || []).push({}); iCalculator India Income Tax Salary Calculator updated 2023/24 tax year. All funds in the account are insured as per limits under the RBIs deposit insurance Eligibility to receive gratuity is dependent on the fact that you should have completed at least 5 years in an organisation. Found everything I wanted and it solved all of my queries for which I was searching a lot.very helpful site. Lets assume your employee insurance deduction is 2,000 per year. Allowances are provided to the employees apart from the basic salary as a financial benefit that applies to various livelihood necessities. 54,000 - Rs. If you are paid in part based on how many days are in each month then divide your annual salary by 365 (or 366 on leap years) & then multiply that number by the number of days in the month to calculate monthly salary. This calculator will help you to quickly convert a wage stated in one periodic term (hourly, weekly, etc.) 5.35 lakhs p.a. 35 LPA in hand salary: 2,09,100 to 2,33,600: 25,09,200 to 28,03,800 . The component in your salary structure called the special allowance is fully taxable in your salary. Merchant Navy Professional. He owns two houses, one of which is let out to the employer . Salary Range (Per Annum) 0 - 2 Lakhs . It is the prime part of the CTC (about 30-50%) and paid without any prior additions and deductions. : (Basic salary + DA) 15/26 Number of years you have worked for the company, : Gross Salary EPF/PPF Contribution Tax-free Allowance HRA LTA Health Insurance Tax-saving Investments Other Deductions, (Net Salary Post Taxes): Gross Salary Income Tax EPF Contribution Professional Tax, Dont want to memorize all these formulas? This illustration provides a salary calculation for an resident of India earning 8,00,000.00 per annum. The employees basic income is around 40%-50% of the total salary. The funding provided to the employees is fully taxable, and one can claim it for the least of the following: Whenever an employee stays after the regular shift hours to meet the targets and project deadlines, he/she can avail of the overtime allowance, which is 100% tax chargeable. On the contrary, if the company has a large number of employees, it isnt easy and is time taking. View.Net Developer . The amount offered, keeping the above formula in mind, the amount provided is subjected to tax under the Income Tax Act. 9,00,000- Rs. Both the employer and the employee contribute 12% of the employees basic salary each month to the EPF or employee provident fund. For companies not covered under the Payment of Gratuity Act 1972 -, For companies covered under the Payment of Gratuity Act 1972 -. EPF contribution is calculated on a maximum salary limit of. 2,000 and a maximum of Rs. The formula for annual compounding is : A = P (1+R/100) ^N Here, A is the maturity amount in Rs. The family includes immediate parents, spouse, children (exemption available for only two). Copyright 2023 Pathfinder Publishing Pvt Ltd. AFTPL through its brand Jupiter has partnered with Pine Labs to provide Pre Paid Gift Card Products Electronics & Communication Engineering: Minimum pay: Rs. What is Performance Management 1 lakh when the amount is in between Rs. 35 lacs per annum to 60 lacs per annum Gratuity Amount = (15/30) x (Last drawn salary amount) x [ period of service(in years) ], Gratuity Amount = (15/26) x (Last drawn salary amount) x [ period of service(in years) ]. Employee contribution to the provident fund (EPF). Past performance is not an indicator This illustration provides a salary calculation for a resident of India earning 36,00,000.00 per annum in the 2023/24 Tax Year based on the 2023 Income Tax Slabs. Employed females in rural parts earned Rs. Its a direct tax you need to pay to the state government and the maximum amount payable is 2,500 per year. This illustration provides a salary calculation for a resident of India earning 36,00,000.00 per annum in the 2023/24 Tax Year based on the 2023 Income Tax Slabs. The lower tax rates in the new regime are applicable only if you are willing to give up exemptions and deductions available under various provisions of the Income-tax Act, 1961. . It also reflects the total deductions. According to IHDS-II, if your annual household income is greater than Rs. Thanks! The state can charge the maximum amount of Rs 2,500 as a professional tax in a financial year. Leave Travel Allowance (LTA): The employer gives an allowance to the employee for travel expenses called the leave travel allowance. This payment is called the salary. Its a performance-based incentive given by your employer thats part of your gross salary and fully taxable. Competitive salary. Naina Mishra Tribune News Service Chandigarh, June 26 Punjab Engineering College (PEC), Chandigarh, has set a new record in domestic recruitment as the highest package touched Rs 42 lakh per annum If you found this payroll example for a 36,00,000.00 salary in India useful, we kindly request that you tax a second to rate your experience and/or share to your favourite social network. Your monthly take-home salary is the amount that remains after subtracting the total deductions from gross pay. Professional Tax: Professional tax is the tax on employment levied by the state. 2019. . Everyone is curious what their take home pay will be once an organization decides the appraisal for the employee or share the new offer letter to a candidate. . Its the total salary youll get after all the applicable deductions. Here are the most important formulas you must understand: Dont want to memorize all these formulas? You can alter and edit this tax calculation to suit your personal salary and circumstances using our the salary calculator for Indian income tax. Take-Home Salary = Gross Salary - Income Tax - Employees PF Contribution (PF) - Prof. Tax In essence, 12% of the basic salary is contributed by the employer and the other 12% is contributed by the employee. We publish current Storm Lake savings & CD rates. Now, your monthly take-home salary = annual salary/12 = 9,01,300/12 = 75,108. Most companies deduct around 4.81% of your salary (This includes your Basic salary + Dearness Allowance), Check our free live currency converter for INR to AUD and AUD to INR exchange rates today. However, HRA is fully taxable if you dont live in rented accommodation. We show daily updated currency exchange rates and more facts about it., Check our free live currency converter for INR to CHF and CHF to INR exchange rates today. The question have been saved in answer later, you can access it from your profile anytime. consumers. Your monthly in-hand salary is the actual amount that remains after taking away all the deductions from your gross salary. We hope the above breakdown of your salary components gave you sufficient information to get started. It then deducts the contributions of both the employer and you (employee) towards the Employee Provident Fund (EPF). The basic salary is generally around 40% to 50% of your total salary. The basic salary is the income of employees received against the number of days they have worked and their designation. The salary calculator consists of a formula box, where you enter the Cost To Company (CTC) and the bonus included in the CTC. Bengaluru, Karnataka 20,000 - 30,000 a month Full-time Day shift Hiring multiple candidates Employee health insurance of Rs 1 lakh per year. Calculating the salary can be tricky because it entails several aspects. For basic salary > 15,000/month the company has an option to either contribute the minimum 12% of 15,000 (i.e. People often confuse allowances with reimbursements, but they are much different in a real context. CAs, experts and businesses can get GST ready with ClearTax GST software & certification course. Many folks rely on a, is a nifty tool thatll automatically calculate your take-home salary. For basic salary < 15000/month - 12% of the basic salary; For basic salary > 15,000/month - the company has an option to either contribute the minimum 12% of 15,000 (i.e. The average monthly salary of regular salaried/wage earners in July-September 2019 amounted to Rs 13,912 for rural males and Rs 19,194 for urban males. You should only know your gross salary and total bonus. January,March,May,July,August,October, andDecember have 31 days, while February,April,June,September, and November have 30 days. Efiling Income Tax Returns(ITR) is made easy with ClearTax platform. Under the scheme, both employee and employer contribute 12% to the fund. You can claim tax if you are staying with your parents and issuing the receipts in their names. All Rights Reserved. Allow us to break it down for you. The first column shows the equivalent monthly untaxed income & the second column shows the equivalent after-tax income presuming a flat 25% income tax rate. 10,000. . Moreover, only 3 per cent of Indians earn over Rs 25 lakh per year. Amica Investment Advisers The amount varies among companies, based on the number of benefits. 29 Salary 5 Lakh Per Month jobs available in Churchgate, Mumbai, Maharashtra on Indeed.com. = Gross Salary Employees PF Contribution (PF)/PPF investment Tax-free Allowance HRA LTA Medical Insurance Tax Saving Investments Other Deductions. If you enter a fixed amount, the calculator considers this figure the performance bonus. Many folks rely on a salary calculator in India to overcome this hurdle. You can read further information about this tax and salary calculation below the calculator and in the associated finance . 7,16,992 per annum or Rs. Choose if you want to calculate monthly or yearly salary. You can read further information about this tax and salary calculation below the calculator and in the associated finance guides and tools. Salary calculations include gross annual income, tax deductible elements such as Personal Disability, Personal Tax Exemptions, education tax and include age related tax allowances. Gross salary is the amount that remains after subtracting gratuity and EPF from the CTC. With a BTech in USA, graduates can earn an average salary of 89,000 USD . It also considers all the bonuses and deductions applicable. Initially known to be Dear Food Allowance, the Dearness Allowance is provided to the public sector employees and the pensioners to offset the price rise. home salary. We endeavor to keep you informed and help you choose the right Career path. Special Allowance: The component in your salary structure called the special allowance is fully taxable in your salary. Fixed DA: the amount of the allowance is fixed in the CTC structure. Conveyance allowance helps employees compensate for their transportation to and from their home and office. Month. The incremental carrying cost of inventory of raw material is `3 per kg per month. The minimum tax-exempt portion of HRA is calculated based on a few guidelines: The actual rent paid should be less than 10% of your basic salary. ClearTax is a product by Defmacro Software Pvt. If you found this payroll example for a 25,00,000.00 salary in India useful, we kindly request that you tax a second to rate your experience and/or share to your favourite social network. Step 2: Divide the result by 100. Keeping the above thing in mind, the calculation formula of CTC structure for any employee would generally go as: CTC = Gross Pay + Statutory additions (PF + ESI + Bonus). 4 - 6 Lakhs . Form 16 is a detailed document given by a company with complete information about your salary along with all the legal tax deductions on your CTC. Cost To Company, commonly referred to as CTC, is the total cost companies spend for hiring and retaining employees. The salary calculator will show you the deductions such as the employer and employee provident fund, professional tax, employee insurance, and the take-home salary. Corrosion Engineering Scope: External Corrosion Underground soil side corrosion Underwater external corrosion Atmospheric corrosion Humid and splash zone corrosion Galvanic corrosion Pitting corrosion Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. 53 1 Lakh Salary Per Month jobs available in Churchgate, Mumbai, Maharashtra on Indeed.com. vary from a lender to lender. Repayment period - The repayment period varies from 7 days to 240 months. It subtracts the performance bonus from the cost to the company to give you the gross pay. However, employers can provide gratuity in cases like death or disability due to accidents. The contribution made by the employee towards the EPF is available for a deduction under Section 80C of the Income Tax Act, 1961. The amount they receive is usually mentioned in their contract as well as the pay slip. The gross salary is always higher than your take-home salary as the amount is calculated before deductions such as EPF contribution, taxes, and others. The top 1% of India is actually being in top 1.3 crore people zone. 18 lac, you can get only 18 lac (not 20,46,586) as the final home loan amount whose EMI comes to 17,370 per month. AFTPL through its brand Jupiter has partnered with Liquiloans Pvt. No repayment of loan has been made so far. The following table shows the equivalent monthly pay for various annual salaries presuming each monthly salary is the same throughout the year. The company that employs more than 20 employees is mandated to register with the EPFO, in which every employee contributes. how many per annual. These additional benefits could be allowances, statutory additions, performance bonuses, gratuity, reimbursements, etc. The employee only receives it for two journeys in the block of four years. Generally, an employee is eligible to receive gratuity and such incentives after completion of 5 years with an organization. The highest salary package offered by the company to a student was about 9 lakh per annum and the average salary package is about 6 lakh per annum. The guy who gets to sit in the most comfortable cars and drive these luxury and bulletproof vehicles through the roads used to earn Rs 2 lakhs in 2017 reportedly, which makes his annual salary to . Do you find your salary slip confusing? Since income cant be taxed before its earned, the terms financial year and assessment year came into existence. The basic salary is fully taxable. If the yearly rent exceeds the 1 Lakh limit, it is mandatory to submit the PAN details of the landlord. CA Salary in India 2022: On Basis of Skills . 1.5 lakh and the max pay is . It depends on factors like the industry, employee designation, and much more. The in-hand salary calculator is a free tool that you can use anytime. The gross salary is the accounting of the Basic income, allowance as provided by the company, and the bonus rewards, which may be paid monthly or annually as decided by the company. If the compounding is quarterly, then A= P (1+ (R/4)/100) ^4N More FD Calculators The employment contract specifies the wages, usually made each month. If the breakdown seems complicated, you are not alone. If youre still feeling confused, youre not alone. Its the total salary youll get after all the applicable deductions. New Delhi: If you earn Rs 25,000 a month in India, you are among the top 10 per cent in terms of income. Cost of the Courses are considered, there are. 10 - Above Lakhs . = Gross Salary Income Tax Employees PF contribution (PF) Professional Tax. The ClearTax Salary Calculator will calculate your take-home salary in seconds. 6 Mike Staedtler PROFESSIONAL DEGREE in Management Accounting & Financial Management, Chartered Global Management Accountant (CGMA) (Graduated 2006) Author has 158 answers and 9.8M answer views Updated Sep 26 Related National Pension Scheme (NPS) - A government-backed pension scheme that allows public, private and unorganised sector employees to build a retirement corpus and avail pension. Hello student this is subject to company terms and policies we can't predict your exact in hand salary and how much increment you'll get. Jupiter's Salary Calculator tool can also help you calculate salary per month. Vimala commenced construction of house meant for residential purpose on 01.11.2019. Simply enter a wage, select it's periodic term from the pull-down menu, enter the number of hours per week the wage is based on, and click on the "Convert Wage" button. The employer always matches the EPF contribution of the employee. and Recurring Deposits to consumers. This phenomenon is similar in urban as well as rural parts of the country. Variable DA: This allowance varies in the CTC structure, and it is based on the Consumer Price Index (CPI) defined by the state government. The Savings Account and VISA Debit Card are provided by Federal Bank - an Hope this will help you, All the very best! etc.. Take Home Salary = Rs 7,50,000 Rs 48,600 = Rs 7,01,400. They use either of the following calculation: For basic salary < 15000/month 12% of the basic salary. The increment basically depends upon your work profile, your year of job that how many years you have completed and also on work experience. House Rent Allowance (HRA): It is the component of the salary offered by the employer to the employees who reside in rented accommodation. For senior citizens, aged 60 years and above but below 80 years, the basic exemption limit is Rs 3 lakh for FY 2022-23 and FY 2023-24. As per the Employees Provident Funds and Miscellaneous Provisions Act, 1952, an employee contributes a certain amount towards EPF monthly and an equal amount is contributed by the employer. Detailed Tax Calculation for 8,00,000.00 Annual Salary transparent terms and conditions. CTC is the total amount a company spends for hiring and retaining you as their employee. This helps us to provide relevent support this tool and other Indian payroll calculators and keep the tools free for all to use. Step 3: Then add the result with current salary. To claim the LTA deduction, the employee must ensure the following factors. The ClearTax Salary Calculator will deduct the professional tax, employer PF, employee PF and employee insurance from the gross pay to display the net pay. For NRI home loan in India, interest rates, eligibility criteria, loan amount, documents required, etc. 51,490 per month SSE Rs. Still, the percentage contributions for both of them are divided into two funds: Employee Pension Scheme and Employee Provident Funds. The deductions concluded in the above equation are the employees contributions for EPF, ESIC, Gratuity, and taxes that helps employees with medical and social securities. The gross salary deducts the professional tax of Rs 2,400 a year (this is the professional tax in Karnataka). Most colleges saw around 10-20% . Below is a list of the most common breakdown of the salary structure. Under this act, employees receive medical, sickness, maternity, disablement, funeral expenses, and rehabilitation benefits. To determine your gross salary, you must know the gratuity and EPF amounts. Its a fixed amount given over and above your basic salary for meeting certain requirements and varies across companies. The maintenance cost per annum of a vehicle is $3,000. The income tax system has both progressive & regressive aspects. CTC includes all costs incurred on an employee, including PF. Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile. The total amount of a home loan is $1 million and is payable in 10 years. Now, calculate the Take Home Salary: Use the below formula for the same. 8. You can always cross-check the take home salary with your HR or finance manager in the organization and ask them to explain the details about the deductions and allowances. In every professional field, employees get paid at the end of the month by their employers. It varies between 35-50% of your total gross salary depending on. = (Basic salary + DA) 15/26 No. Individual EPF contributions above 2.5 lakh will have two PF accounts, and the EPF will be taxable effective from April 1, 2022. Well, doing these calculations can be quite confusing. . Learn ways to send money to UAE from India.. He continued, To reduce poverty and enhance employment, since May 2014, Union Government has introduced a variety of measures interpreting inclusion as the provision of basic necessities, measures that have enabled India to withstand the shock of the Covid-19 Pandemic better.. The ClearTax Salary Calculator asks you to enter the bonus as a percentage of the cost to the company or a fixed amount to calculate the performance bonus. Divide $1 million by 10 to get the amount you need to pay each year. It is a mandatory tax you need to pay to the state government. If the yearly rent exceeds the 1 Lakh limit, it is mandatory to submit the PAN details of the landlord. At least 20/40 vision in both eyes for near vision and 20/200 for distant vision; must be corrected to 20/20. of the cost to the company. to February typically has 28 days except on leap years when it has 29 days. The guy who gets to sit in the most comfortable cars and drive these luxury and bulletproof vehicles through the roads used to earn Rs 2 lakhs in 2017 reportedly, which makes his annual salary to be Rs 24 lakhs per annum. Since the LTV is 90% of 20 lac i.e. 10 lakhs salary per month jobs Sort by: relevance - date 143 jobs Product Consultant (Zoconut Expert) ZocoNut Delhi, Delhi 3,00,000 - 6,00,000 a year Regular / Permanent + 1 Day shift International BPO urvitechnologies.com Hyderabad, Telangana 15,086 - 50,644 a month Regular / Permanent + 1 Night shift + 1 General Manager The average full stack java developer salary in India is 1,600,000 per year or 641 per hour. So, your total gross salary will be CTC bonus = 10 lakhs - 50,000 = 9.50 lakhs. what is software engineer? So, most people prefer using the PayScale Salary Calculator in India. Employee contribution to the provident fund: Both the employer and the employee contribute 12% of the employees basic salary each month to the EPF or employee provident fund. In the income bracket of less than Rs 5,000, 75.58 per cent of people are self-employed. Before we get started, here are a few salary-related terms you need to know: CTC (Cost to Company) is your total salary package that includes all benefits spent on you by the company without any tax deductions. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. The answers should be like: Salary bracket. When you look back in life , this app would have played a huge role in laying the foundation of your career decisions. While the allowance is not subjected to tax for UPSC members. AFTPL through its brand Jupiter has partnered with Onsurity to provide Health Insurance Products to How much do you think Mukesh Ambani's driver earns every month? If you are paid an even sum for each month, to convert annual salary into monthly salary divide the annual salary by 12. You can calculate your Monthly take home pay based of your Monthly gross income, Education Tax, NIS and income tax for 2023/24. At entry level: Rs. A must visit. kudos to the team! Some of these jobs include Indian Administrative Services, Indian Police Services, various defence services, ISRO and DRDO engineers and scientists jobs, many assistant professors jobs, etc. All these calculations can take days to complete. Rs. consumers, AFTPL through its brand Jupiter has partnered with AIAPL to provide mutual funds to consumers. Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT, Your one-stop Counselling package for NEET, AIIMS and JIPMER. Yes, the calculator shows the professional tax and provident fund deductions. The house rent allowance or HRA is partially or fully exempt from taxes under Section 10(13A) of the Income Tax Act. The allowance offered can be taxable or non-taxable as per regulations outlined by the governments Income Tax Act. CTC may also include cab service, subsidized loans, food coupons, and much more. Bonus: The employer may pay a performance incentive to the employee called the bonus. Hii, In the annual package of 40 lakh you get around 3.33 lakh monthly. 468 Likes, 0 Comments - LearnTube | CareerNinja (@careerninjaindia) on Instagram: "13.7 Lakhs per Annum (1.1L per month), that's the average salary of a Programmer in India!"
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