A social media user recently shared that he is confused about whether he should take a ₹75 lakh per annum job offer or not. The user said that he is unsure of taking the offer due to the high tax liability in India.
He said that he pays around ₹12 lakh in taxes, and the figure would go up to nearly double at ₹22 lakh if he takes up the new offer.
“I currently earn 48 lakhs annually in India, with 20 years of experience. I’ve recently received an offer for ₹75 lakhs. While it’s a significant jump, I’m debating whether to accept it or not – primarily due to the steep rise in tax liability. At present, I pay around ₹12 lakhs in taxes. With the new offer, that figure nearly doubles to ₹22 lakhs, especially because of the additional 10% surcharge applicable on income above ₹50 lakhs,” the user said in a Reddit post.
He further said that the new compensation structure does not provide any flexibility to include tax-saving components.
“So, while my take-home pay may increase by roughly 50%, the tax burden almost doubles. It raises a fundamental question for me: why should I work significantly harder just to pay more to the government, without receiving any additional tangible benefits compared to those who pay little or no tax?” the user asked.