Monthly Income Of Upper Middle Class In India

You are in the top of the richest households in india.

Monthly income of upper middle class in india. Let s take it one step deeper and look at various household sizes. A family of 4 which can buy and maintain a car in the c2 segment such as honda city. The standard of living in india varies from state to state. Regular trips abroad for tourism.

The median income of the middle class as of 2016 was 78 442. The think tank defines the middle class as households that are earning two thirds to double the national median. This is the average monthly salary including housing transport and other benefits. In 2019 the poverty line reduced further to about 2 7 and india no longer holds the position of the nation with the largest population under poverty.

Salaries range from 8 080 inr lowest average to 143 000 inr highest average actual maximum salary is higher. They have an in hand income of roughly 75000 a month. According to the pew research definition if the middle class has an upper range of 1 232 and one converts it to a daily income threshold then this works out to an upper threshold of 3 5 a day. Enter your total monthly household income my total monthly household income is.

Enough money for education of children health of parents. They manage to save for a decent retirement and kids wedding. 4 5 cr investable money. Minimum salary of 12 lacs ctc before taxes.

The indian middle class constitutes 300 350 million of the population. There is significant income inequality within india as it is simultaneously home to the some of the world s. Annual income 12 lacs p a or more are qualified to be upper middle class as per prevailing inflation rate. Salaries vary drastically between different careers.

A person working in india typically earns around 31 900 inr per month. They can live off their assets alone and any additional income is a bonus.