TCS
TCS
on
DancingPancake
DancingPancake

How does everyone calculate hike %

Do you compare this year vs last year CTC or base salary

14mo ago
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SillyHamster
SillyHamster
TCS14mo

This year vs last year

Please dont get into calculation, otherwise you will notice that only deduction components have been increased

DancingPancake
DancingPancake
TCS14mo

Yup noticed increase only in gratuity, PF and maximum increase in Variable pay. Also a reduction in allowances

DancingPancake
DancingPancake
TCS14mo

Very smart way of splitting the increase.

SillyRaccoon
SillyRaccoon
TCS14mo

Increment given this year can be best calculated and understood with both years Form16 or F16. Compare F16 of both years and you will see what amount you actually got. TCS will never say this. I have done the F16 comparison for successive years in past years, and you will realize that the actual increment is in -ve percentage. Question is why this is negative, one reason for sure is the so called increment is added to your variable pay and this pay you don't get fully. So the trick used by TCS is innovative and calls for international award on best financial management.

DancingPancake
DancingPancake
TCS14mo

Interesting. Are there any companies which give +ve % in F16 comparisons

FuzzyMochi
FuzzyMochi
TCS14mo

The thing is you won't notice any difference when getting your monthly pay its only minor difference.🤬

DancingPancake
DancingPancake
TCS14mo

That's TRUE.. I think even increase in monthly food expense will swallow any monthly increment

FuzzyMochi
FuzzyMochi
TCS14mo

Yes the best is to switch from here and don't think much about it.

MagicalNarwhal
MagicalNarwhal
TCS14mo

Any hike at higher levels goes mostly into variable which they withhold. Basically rob you off your fair share.

WobblyCoconut
WobblyCoconut
TCS14mo

Not want to calculate this very large amount of hike 😁

JumpyPancake
JumpyPancake
TCS14mo

Got to below site ,choose Percentage Difference Calculator . Enter this year va last year
https://www.calculator.net/percent-calculator.html

ZoomyMarshmallow
ZoomyMarshmallow
TCS14mo

(Current Package - Last year package)* 100/Last year package

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