Is 50 Lakhs A Good Salary In India?

How much money do you need to live comfortably in India?

If you want to live comfortably, expect to spend Rs 9.99 Lakhs (no kids) and Rs 17.45 lakhs (with kids), in the first year.

Your combined family income should around Rs 9.98 lakhs (no kids) and Rs 19 lakhs (with kids), after tax..

Can I retire with 5 crores in India?

5 crores mark, you would have to start saving at the age of 20 and will have to shell out Rs. 4,208 per month. The investment keeps growing as your age increases and investment term shrinks. Moreover, generating returns at 12% rate to reach the retirement corpus goal can be unrealistic.

Which job has most salary in India?

According to some leading job portals, the following are some of the highest-paying jobs in India, with salaries that can go as high as ₹50-60 lakhs per annum….Check out the 5 highest-paying jobs in IndiaInvestment Banker. … Medical Professionals. … Chartered Accountant. … Data Scientist. … Blockchain Developer.

What is the salary of IAS?

IAS Pay Scale and GradesGradePay ScaleYears of Service RequiredSuper Time Scale1,00,000 – 2,00,00017 to 20 yearsAbove Super Time Scale1,00,000 – 2,00,000VariesApex Scale2,25,000 (Fixed)Varies( around 30 years)Cabinet Secretary Grade2,50,000 (Fixed)varies4 more rows•Sep 22, 2020

Is 20000 a good salary in India?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. … At best, the figure could be stretched to around Rs 7,000. Living Expenses. Then, they have to consider living and transportation expenses, which will have to be managed within a budget of Rs 5,000-7,000.

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

How much is considered a good salary in India?

A person working in India typically earns around 31,900 INR per month. Salaries range from 8,080 INR (lowest average) to 143,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Is 1.5 lakh per month a good salary in India?

To attain a general level of satisfaction, 1 Lakh per month is not that different from 30k per month. I have found that a single male/female can live pretty comfortable in 25k per month.

Is 30 lakhs a good salary in India?

Every fresher coming to search for a job mostly gets paid among 4 to 5 lakhs per annum in India except NIT and IIT grads who generally get paid 7 to 8 lakhs per annum. … But after almost 5 to 6 years of experience and with skills a person in India can get 25 lakhs to 30 lakhs per annum.

What jobs are most in demand?

15 most in-demand careersFinancial advisor.Registered nurse.Web developer.Health services administrator.Physical therapist.Information security analyst.Statistician.Software developer.More items…•

Can engineers earn in crores?

80 lakh per annum. Top MNCs such as Facebook, Google and LinkedIn, and Microsoft line up for IIT Engineers, with a fabulous salary package of Rs. 1 crore and above, whereas a software engineer at Apple is rewarded with a whopping salary of Rs. 2 crore.

What is it like to earn 50 LPA in India?

50 LPA is a decent pay in India and can lead to a great lifestyle if you are interested in spending full money. However such paying jobs are having a constant threat of replacement with a low cost employee.

Which job has highest salary?

List of Top 10 Highest Paying Jobs in IndiaMachine Learning Experts.Blockchain Developer.Full Stack Software Developer.Product Management.Management Consultant.Investment Banker.Chartered Accountant.Marketing Manager.More items…

What is the easiest job in India?

Easiest Jobs in IndiaManagement Professional.Software Engineer.Radio Jockeys.Actors.Event Managers.Photographer.Tourist Guide.Freelance Writer.More items…

Which job has salary over 1 crore per month?

1. Management Professionals – Jobs with salary over 1 crore. Those who study MBA or PGDM from a prestigious business school get a starting salary of around 12 to 30 lakhs per annum.

Is 20 lakhs a good salary in India?

There are factors such as if you are staying single or have dependents, your expenditure. However, in general 18–20 LPA is a good salary in India. … 18-20 lakhs per annum a good salary in India for a software developer with 4 years of experience and a masters degree in the USA? YES, very much.

Is 40 lakhs a good salary in India?

42 lakhs per annum income is very good . 42 lakhs per annum salary is bad . … A large chunk of what your salary is will be tax deductions , performance based bonus , company perks which you may not need etc.

How much money is rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.