Breakdown of a Google Engineer's Salary: From 62 LPA to Effective Take-Home

Join me as we dive into the surprising reality of taxes and take-home pay for a Google engineer earning 62 LPA - you might be surprised at how much is left after taxes!

Here are the 20-24 clean bullet points summarizing the video:
A Google engineer's salary is 62 LPA (approximately ₹22,44,000 per year).
The package includes a base salary of ₹2,22,40,000, a joining bonus of ₹2,00,000, and a relocation bonus of ₹1,70,000.
There are also performance-based bonuses totaling ₹3,36,000.
A portion of the company's shares is included in the package, worth ₹31,80,000 over 4 years.
In the first year, 33% of these shares (worth ₹10,50,000) become yours.
In subsequent years, you receive an additional 33%, 22%, and 12% of these shares, respectively.
If we exclude the shares from the package, the effective salary is approximately ₹40 lakhs.
Kamla Gita Raman's total tax liability is approximately ₹8,67,500.
The standard deduction in the new tax regime is ₹75,000.
After applying the standard deduction, Kamla Gita Raman must pay taxes on ₹39,25,000 (approximately).
The tax slabs are as follows: 0-3 lakhs (zero tax), 3-7 lakhs (5% tax), 7-10 lakhs (10% tax), and above 15 lakhs (30% tax).
Kamla Gita Raman's total tax liability is approximately ₹9,02,200.
The effective take-home pay after taxes is approximately ₹31 lakhs.
This amount includes stocks worth ₹10,50,000 that will vest over time.
After adjusting for the stock compensation, the engineer's monthly take-home pay is approximately ₹1.7 lakhs.
The video concludes by emphasizing the importance of financial planning and not relying on others' parties to celebrate one's success.

Source: Fraz via YouTube

❓ What do you think? What are the most significant factors that influence an individual's actual take-home pay from a high-paying job like Kamla Gita Raman's at Google? Feel free to share your thoughts in the comments!