Understanding Taxes in Karnataka (Bangalore)
Bangalore-based tech workers typically earn 20-40% more than the national average. Under the New Tax Regime, the same national brackets apply. EPF contribution is 12% on basic salary (usually 40-50% of CTC). Many Bangalore tech companies offer a CTC (Cost to Company) structure that includes base salary, HRA, and various allowances. Under the new regime, most deductions except standard deduction and NPS employer contribution are not available.