I recently received offer for internal transfer to Redmond. I was wondering about the savings one can make. Have to shift with my wife. No children. TC offered 165k Indian salary currently 56 lpa Yoe 7
Single or Family? One income or dual income? 165k means you will have 100k after tax. Should be comfortable life if you are single with no wife/children. With wife not working and a child its going to be problematic
Which team?
Rent + utility + electricity + car parking = 2k Car + insurance = 400 -> 700 -> 1000 depending on your choice Grocery and food and other expnses = 1.5k Your in hand would be 8.2k around, approximate 4-4.5k with healthy lifestyle. Saving = 48k + 9k ( bonus ) + 15k (stock , u get same stock in india as well) Your total saving can be anywhere between 35-50 lacs.
Isn't target bonus 10%?
Yes 13.5k = 9k after tax
If got any family responsibilities like aging parents then it is not worth. If there are no such responsibilities then move to Redmond and switch companies. There are tons of companies which pay more
I don't have much family responsibilities currently. Switching needs H1b and which is very uncertain. Anyways switching I guess may be a good idea.
Take it no brainier