I recently moved to India. How much should my house rent be as a percentage of my CTC or basic salary?
June 24th, 2010 by
I have recently moved to Chennai. I am planning on renting initially, at least for the first year. I was wondering if there is a recommendation as to what should one’s house rent be, as a percentage of one’s salary (whether it is the basic salary or the CTC).
Related posts:
- what percentage of salary should be the House Rent? I am living in Abu Dhabi, where house rents are touching skies (probably literally). Now a question arises, what percentage of salary should be house Rent? Take into account...
- Just moved into a rent house. Carpets were cleaned but still smell of animal urine. Is this a health hazard? Me and my girlfriend just moved into a rent house. The previous tenants had many dogs and the carpet smells of animal urine. Even after they have been profesionally...
- signed a lease to rent a house never moved in now need to get my name removed from the lease? went to rent a house with a girl and we signed a lease but when the time came to move in she moved in and had someone else move...
- In the Kansas City metro area, is it better to rent or buy a house right now? We’re planning a move to Kansas City, and are hoping to live on the Kansas side, preferably in Prairie Village or Fairway, or somewhere close. We need four bedrooms...
- How old do you have to be to rent a house in New Hampshire? Me and my friends were planning on renting a house in new hampshire this winter for a weekend to go snowboarding for a few days. The age range is...
Around 30% of your basic salary
It should be around 21% of ur basic… So that ur whole amount is non taxable..
20% is OK for tax exemption you are going to get, but if you are going for comfortable housing then you need to pay more in real terms assuming you get a salary of 500000 a year.Dobuling that salary, you get comfortable house at 20% of basic pay.