Re: What are wages, taxes, living cost, Saving around the gl
Let me explain regarding Japan and India Geo.
In Japan : (approximate numbers)
- Wages: around US$ 5,500-7,000 per month for 5 yrs experience engineer.
- Taxes:
1) 10% IT every year.
2) 10-15% (depends on ward you stay)on taxable income (net income minus housing cost) for Local Tax and Social insurance.
- Accommodation 20-25% of salary. Minimum housing rent starts from 1200$ for reasonable stay.
- Living/day is about $40-50$ (including food and Transportation).
-If you have car , extra 500$ per parking.
- Example: Savings are $6000(salary)-$1200(TAX)-$1200(housing)-$1200(daily expenses) = $2400 .
In India, (Approximate numbers)
-Wages : $2500-$3000 --above 5 yrs engineer.
-Taxes. approx 25%.
- housing : $400
- Living per month : $500 (including car maintance)
Saving : $2500-$600-$400-$500 =$1500. In india, saving 1500 is much more than saving $2400 in Japan.
Regards,
Sam