The Economic Times

Your first salary feels huge, until you see your in-hand amount: Bengaluru CA shares the shock of first salary slip

Receiving your first paycheck often comes with a stark realization: the gross salary on your offer letter is significantly higher than the actual amount deposited. Mandatory deductions like PF, professional tax, and income tax can reduce your take-home pay by 20-30%. This experience marks a crucial step towards financial literacy, highlighting the difference between gross earnings and net income.