Wednesday 29 November 2017

Pay day for November

I have received a salary of 82,487 rupees post tax for the month of November. I should save 50% of post tax salary but I am not going to consider bonus in that calculation so pay minus bonus is 53,001. My investments this month should be (53,001/2) = 26,500.5 + bonus (29,486.00) = 55,897. Out of which I move 5500 to Franklin India Taxshield and rest to Franklin India Dynamic P E Ratio Fund Of Funds (50,397).

I have paid 2,750 insurance plus kid school fee into debt fund already, I will be left with 23,750 to spend in the month of December. 

My PF(5,23,173) and Gratuity (1,56,801) stands at as of today. 

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