Moving to India from UK

#1 Jul 16th, 2013, 21:10
Join Date:
Jul 2013
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united kingdom
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  • prashpya is offline
#1
Hi all,
I am an Indian planning to move to India from UK. I have a wife and a child.
Is 12 lakhs per annum (before tax) a good salary to be located in cities like Jalna / Aurangabad? Is it good enough if i wanted to buy a house and car?
any suggestions are appreciated
Cheers!
#2 Jul 16th, 2013, 21:39
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Aug 2011
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Canada
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  • surinder20e is offline
#2
12 lakh is 20,000 $ p.a. Good to live happy life but if you like to buy house and car not enough. India is same costly as rest of world.
Best Regards,
#3 Jul 16th, 2013, 21:52
Join Date:
Sep 2009
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Toronto Canada
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  • torontomm is offline
#3
Quote:
Originally Posted by prashpya View Post Hi all,
I am an Indian planning to move to India from UK. I have a wife and a child.
Is 12 lakhs per annum (before tax) a good salary to be located in cities like Jalna / Aurangabad? Is it good enough if i wanted to buy a house and car?
any suggestions are appreciated
Cheers!
Prashpya, 12 lakhs per annum is 1 lakh per month (before taxes). Let us assume about 10% tax then you are left with about .9 times 100,000 rupees which is 90,000 rupees (about 1000 British pounds) for the month.

90,000 rupees/month is a comfortable amount to pay rent and buy food and some shopping and for maids for household help in cooking/cleaning/washing and for maintaining a car (petrol, repairs ).

But surely you cannot expect to also buy a house and a car out of your monthly take home pay of about 90,000 rupees/month.

I don't know about Jalna/Aurangabad but on average in India these days you will need about 25 lakhs to buy a good flat and houses generally sell upwards of 50 lakhs even in small places.

Perhaps you have additional funds for the purpose of buying a house and car but that is not clear from your post.

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