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Rs 1.2 crores for 12 years at a good IB school
Rs 50 lakhs to study at Ashoka, Jindal etc (if the child cannot crack the top NLUs or DU colleges)
Rs 1 crore for a masters abroad
Rs 3 crores for general upbringing and living costs over 25 years (food, clothes, holidays, toys, sports lessons etc)
So around Rs 6 crores total.
“My cash flows can afford me a luxurious lifestyle, but it falls short if I want to create meaningful assets,"
“If you consider the rate of inflation and high taxation coupled with my social impact aspirations as well as willingness to provide unconditional comfort for my family, then the income starts to feel a bit insufficient,"
Do lawyers feel the same?
https://www.livemint.com/money/personal-finance/1-crore-income-how-life-in-india-is-for-the-highearners-11677606218839.html/page-2