Read Aloud the Text Content

This audio was created by Woord's Text to Speech service by content creators from all around the world.

Text Content or SSML code:

Welcome to Job Analyser Tool. Yes. A tool where you can analyse your real output. As against all the efforts which you put every day in your job. Here you will know your real value. And. off course. You will get the direction. About your future. Well. You must have seen the tagline. Your Decision Matters. Yes. Off course. This whole exercise is to enable you to take right decision about your future. And. your decision matters in every steps. That is why. we need to start from your existing job. So here. You can start by giving details about. Your basic salary. And all other allowance you may be getting from your company. Here under these highlighted cells. So. Assuming one case. Where basic salary is 35 thousand rupees. Dearness allowance is 10 thousand rupees. House rent allowance is 5 thousand rupees. Conveyance is 5 thousand rupees. Education allowance is 3 thousand rupees. Food allowance is 5 thousand rupees. This person is getting telephone allowance of 3 thousand rupees. And. a Leave Travel allowance of 5 thousand. And. may be vouchers of about 2 thousand for shopping or something. So. Like this. you can add your own number in all these cells. This will give you your gross salary per month. Here in this case it is coming about 78 thousand and 4 hundred rupees. And it is the cost to company. Because here under this calculation the tool is taking company’s contribution to provident fund also. And the same is calculated automatically at the prescribed statutory rate applicable in India for Provident fund subscribers. However. in your case there may or may not be provident fund. It all depends on your company. Still this Job Analyser guides you, because here under this analyser, we are taking both employers contribution and employees contribution. That is why, when you the deduction here. You will see that all statutory deductions are also calculated automatically here. It shows that the net effect after all deductions are the actual net in hand salary which you get. After putting so much efforts every month in your job. Now all these calculations are made as per the prescribed rates and provision as applicable under respective laws. Moreover. If you have other deductions, you can still mention same here in this cell. Well. Now you know your Net in Hand Salary is about 68 thousand 5 hundred and 14 rupees. Which is your Net Take Home Salary. And. this the actual available amounts in your hand for your family. So. It is must to see how you use this income every month for your family. So. Let us start from your first in-house consumption on basic needs. Again here. You will have to add your actual numbers for the purpose of getting precise results. But. I am taking numbers based on our case studies. So. For a given profile, where our subject is earning about 78 thousand per month. We know that. he is spending about 10 thousand rupees on food per month. About 2 thousand on clothing. About 4 thousand rupees per month on house maintenance. About 500 rupees per month on property tax. On electricity he is spending about 3.5 thousand rupees per month. So. In all on basic needs he is spending about 20 thousand rupees per month. Now. Let us see. He is a family man. In the age bracket of 35. He has 2 growing kids. In age range of 5 to 10 years. So his average spend on child care is about 2 thousand per month. Also. He has aged parents . so naturally he requires expenses of about 2 thousand per month for parents. And. he is dog lover. He has German shepherd dog. So his monthly expense on dog food care is about 3 thousand. So in short he is spending about 7 thousand rupees per month on special needs. Now. To add to it. As his children are school going. He has to keep about 4 thousand per month for school fees. Also about 4 thousand rupees per month for their tuition fees. Rupees 4 thousand per month on their travel expenses. and. about 3 thousand per month on their extra-curricular activities. Thus. He is spending about 15 thousand rupees per month on education needs. Now. If you see, this man has already occupied his pocket with monthly expenses of about 42 thousand rupees in his primary domestic needs only. So. When he add his other commitments and obligations such as his home loan monthly instalments. As well as, his other loans or investments commitments. Like this here. May be for mutual funds or insurance premiums. Then. You will realise the real pinch. So. Let us take these numbers one by one. Starting from his home loan. Assuming this person has monthly payment of 15 thousand for home loan. About 2 thousand for personal loan. 1 thousand for gold loan. Also. He must be making regular investments into mutual fund and insurance. Then considering his monthly contribution of about 2 thousand for mutual fund and about 2 thousand for insurance premium. And. then you will get this total obligation of about 22 thousand rupees per month. And. thus. When such person add his outside expenses. Like. On local Conveyance. On Communication and perhaps on traveling or entertainments. He realise that he is in deficit only. Now. Let us take these numbers also. Assuming he must be spending about 3 thousand on local conveyance. About 3 thousand on communication. Also about 2 thousand in outstation picnics. And. about 2 thousand in family entertainment like movie or shopping. Then. You will see that this comes to about 10 thousand per month for other expenses. And. adding all these expenses. the total amounts comes to about 74 thousand rupees per month. As against this monthly in hand salary of about 68 thousand per month. Which is a deficit of about 5 thousand 4 hundred and 86 rupees per month. Thus. here in this example this person is living hand to mouth. Even if he is getting very good salary per month. It shows that the amount which he is getting is not matching to this family expenses. And nowhere you can see that expenses can be reduced. because they all are necessary for his family. So. What this person is left with option is only to change his job immediately to get more salary per month. And. this is what is happening with most of the middle-class families. Because. their growing family creates growing needs. And when anyone enter into one lifestyle, it is not easy to change same or switch back to old lifestyle. Family of such person suffers a lot, if he is not able to match the cash-flow to take care of growing needs of his family. Well. Here I have taken one scenario. This Tool can be used for any scenario. Because. here you can just punch in the numbers and start calculating your real output here. So. Work on it. See how it benefits you. See if your existing job is giving you enough value. Where your family is not getting suffered in their basic needs. And. your will get the message right here. About what is required when you add all these data. So that you will be guided to take appropriate decisions. Well. At fiscal planning, we have explained in detail about how to identify your real growth assets also. So that you can work on same. Still. In case of any queries, please write back to use on our corporate email address. So. Bye for you. See you there in our next Video. THANK YOU.