Consultant or regular employee?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2013 I am a 30 year old guy and have been offered an option to join as a consultant or a regular employee in a company.
The CTC in both cases is Rs.13.2 lakh per year. I assume that as a consultant there are few deductions and therefore, the take home salary is higher as compared to regular employee.
The company has just started their India operations so they do not have a proper break up of ctc except divided into basic, hra , medical and special performance allowance and no PF contribution.
Can you please assist me in computing the tax liability for both the cases and which option should I choose?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

26 November 2013 detailed component of salary package is required.

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2013 In consultant profile Rs.13.2 lakhs pa is lumpsum i.e.Rs.1.1 lakhs paid monthly.
Whereas,in regular employee profile Monthly Basic is Rs.44,000,HRA is Rs.17,600, Conveyance is Rs.9,600, Medical is Rs.15000 and Special Allowance is Rs.23,000.
Monthly Gross is Rs.1.1lakhs

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 August 2023 Better go for consultancy option.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Naresh Dhawan

R Prabhudoss

Chnmaya parhi

RAGHUNATH KASIBHOTLA

jayaraman

Subscribe Now

Consultant or regular employee?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA