An Indian-origin man planning to return to India after spending 15 years in the US has sparked a discussion on Reddit after sharing his estimated monthly budget for relocating to North Bengaluru and seeking feedback on whether his calculations accurately reflect the city's cost of living.
The man said he would be joining a new job with a fixed annual salary of Rs 85 lakh. As an OCI card holder, he said his employer's HR informed him that he would contribute 12 per cent of his base pay, which is 50 per cent of the fixed salary, towards EPF. After accounting for taxes and surcharge on a total compensation exceeding Rs 1 crore, he estimated his monthly take-home salary at around Rs 4.6 lakh.
