Bengaluru Monthly Budget, 85 Lakh Salary India: For professionals returning to India from abroad (NRI Returning to India), not only jobs but also the rising cost of living here is becoming a big question. One such case became a topic of discussion on the social media platform Reddit, where an Indian-origin professional returning to India after living in America for 15 years, shared the complete account of his possible monthly expenses in Bengaluru. He told that he is going to start a new job in Bengaluru soon, where his fixed annual salary will be ₹ 85 Lakh (85 Lakh Salary India). After tax, EPF and other deductions, he is estimated to earn around ₹4.6 lakh every month. However, his question is not about whether the salary is adequate, but about the reality of the monthly budget. Know the details of every expense (Bengaluru Cost of Living) in Bengaluru, from rent to children's education, shown by this person in his monthly budget plan.
According to the post, he has estimated the rent for a 3 to 4 BHK flat in North Bengaluru to be ₹70 thousand to ₹90 thousand per month. Apart from this, the EMI of the already running villa loan has been kept at ₹ 35 thousand. Household expenses are estimated at ₹ 10 thousand for electricity, water and other utilities, ₹ 25 to ₹ 35 thousand on car lease and petrol, ₹ 25 thousand on domestic help for cleaning the house and cooking. A budget of ₹ 20 thousand has been kept for the child's school fees and other activities, ₹ 30 thousand for groceries for a vegetarian family of four and ₹ 30 thousand for eating out or ordering food online once or twice a week. Apart from this, a plan has also been made to set aside ₹ 40 thousand for shopping and other personal expenses, ₹ 25 thousand every month for travel throughout the year and ₹ 20 thousand for the higher education of the child.
After adding all these expenses, according to him, only about ₹ 1 lakh will be left every month for regular savings and investments. He also said that he was surprised that around ₹1.5 lakh per month is spent just on essential expenses like rent, domestic help, school and groceries. He asked Reddit users if his budget was realistic or if any major expenses were left to be included. See post below-
Responding to the post, many users agreed that their budget is quite practical for North Bengaluru. Some people said that the estimates for rent and eating out were a bit high, while the grocery budget of ₹ 30 thousand was considered comfortable for a vegetarian family of four. Some users also reported that their savings were less visible because they had already budgeted for future expenses like travel, child's college funding, and shopping. Many people jokingly said that the biggest challenge in Bengaluru will not be expenditure, but daily traffic.
