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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 admin
rent house now
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).

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3 Responses to “I recently moved to India. How much should my house rent be as a percentage of my CTC or basic salary?”

  1. 1alister j

    Around 30% of your basic salary

    Comment on Jun 25th, 2010 at 7:36 am  
  2. 2justbewatur

    It should be around 21% of ur basic… So that ur whole amount is non taxable..

    Comment on Jun 25th, 2010 at 11:20 am  
  3. 3deccaneer

    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.

    Comment on Jun 26th, 2010 at 12:19 pm  
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