Current CTC - 10 Lakhs New CTC - 20 Lakhs
Is this 100% hike?
May NOT be.
What if 20 Lakhs includes a 20% bonus (not in the previous CTC)? What if 20 Lakhs includes 2 Lakhs of ESOPs (not in the previous CTC)? What if 20 Lakhs includes allowances that are useless (not in the previous CTC)?
The term “CTC” is NO less than a SCAM in India.
I don’t know any other countries that use the term “CTC”, do you?
And that’s why in India, Your in-hand salary will always be MUCH lower than CTC, 100% always.
Let me repeat: “Cost to company” is NOT equal to “Your Income”.
There is always a leakage.
Companies will NOT change this practice in India.
But YOU can, so:
-STOP asking what my CTC is going to be? -START asking what my “TAKE HOME” is going to be?
TAKE HOME matters the MOST!!
#copied
Almost all countries use CTC. The bonus, stocks, everything goes toward your “pay”. They might not call it CTC.
There are countries (now even in India) where the insurance premium that the company pays for you is added to your pay and shown as something that you’d get.
Nobody can realistically calculate your “in-hand” because taxation is different for everyone. And the bonus, ESOP, etc is a part of CTC because if a company is giving you 0% bonus after promising, it’ll be highlighted online.
ESOP amount is your money contingent to you staying in the company. If they say you have ₹20L of ESOP, you get 5-5-5-5 for 4 years. That is your money only, attached to your name.
So it is a cost to the company. These kind of posts work for linkedin, but the real world is partly practical.
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