Should I Opt for NPS and Sodexo? (Urgent Opinion Needed)
Hi All,
This is my first post on redit. Need some urgent advice on choosing NPS Employer Contribution(14%,10%,5%) and meal card. Tomorrow is the last date to opt-in.
Current CTC: 15.12 LPA
As of now havent' opted for any flexi benefits like NPS, Food Card.
Montly Inhand:
IT Statement: TAX CALCULATED AS PER NEW TAX REGIME
| ^(NET TAX IN ₹) | ^(TOTAL TAX DUE IN ₹) | ^(TAX DEDUCTIBLE PER MONTH IN ₹) | ^(Remaining Months (May 2026 onwards)) |
|---|---|---|---|
| ^(96,002.00) | ^(88,001.00) | ^(8,000.00) | ^(11) |
Deductions
-------------------------------------------------
| Component | Amount (INR) |
-------------------------------------------------
| NPS | ~6,086 |
| PF | 1,800 |
| Professional Tax | 200 |
| Income Tax | ~7,000 |
-------------------------------------------------
| Total Deductions | ~15,086 |
-------------------------------------------------
Net Pay (Bank In-Hand)
-------------------------------------------------
| 124,200 − 6,086 − 1,800 − 200 − 7,000 |
| ≈ 109,114 INR ≈ ₹1.09L/month |
-------------------------------------------------
🧾 Salary Slip
Earnings
-------------------------------------------------
| Component | Amount (INR) |
-------------------------------------------------
| Basic | 43,470 |
| HRA | 24,840 |
| Conveyance | 12,420 |
| Medical Allowance | 12,420 |
| Other Allowance | 12,420 |
| Meal Allowance | 18,630 |
-------------------------------------------------
| Total Earnings | 124,200 |
-------------------------------------------------
Deductions
-------------------------------------------------
| Component | Amount (INR) |
-------------------------------------------------
| PF | 1,800 |
| Professional Tax | 200 |
| Income Tax | 8,001 |
-------------------------------------------------
| Total Deductions | 10,001 |
-------------------------------------------------
Net Pay
-------------------------------------------------
| Total Earnings - Total Deductions = 114,199 INR|
-------------------------------------------------
Till now my pacakge was under 13lakhs so no tax.. now with the hike i need to make a decision to opt in for nps , meal card so that i can reduce my tax.
Not aware of Nps benefits heard there is a lock in period and can only withdraw 60% at age 60 and 40% as annuity.
Regarding Sodexo.. i dont order that much online max 1 or 2 order per month. Never had food at restraunts on my own money ,max once a year.
SIP: 35k planning to increase
Total expenditure per month including everyting : 13k max ( sometimes 15k).
If i opt in for NPS(14% around 6k per month)
124,200 − (NPS)6,086 − 1,800 − 200 − 7,000 |
| ≈ 109,114 INR ≈ ₹1.09L/month // this wound my inhand.
With only 14% Employer NPS:
Original annual tax: ₹96K New annual tax: ~₹84K
BOTH NPS and Meal Card:
Bank In-Hand
-------------------------------------------------
| Calculation |
-------------------------------------------------
| 124,200 − 6,086 − 1,800 − 200 − 6,200 − 4,400 |
-------------------------------------------------
| ≈ 109,514 INR ≈ ₹1.055L/month
With both Employer NPS and meal card:
Original annual tax: ₹96K New annual tax: 75k - 77k
Please suggest me as i am confused whether to opt in for nps and meal card.
Thanks in advance.