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MagicalWalrus
MagicalWalrus
Okta

How much in-hand salary should I expect?

Hello all, I have got a SDE-1 offer from one of the biggest fintech companies in India. What in-hand salary should I expect monthly?

The CTC breakup:-

  1. Fixed - 14,40,000
  2. Variable- 3,00,000
  3. Retention- 60,000
33mo ago
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GoofyDonut
GoofyDonut
Stealth33mo

This will depend on if they’re paying variable and retention monthly or at the end of the year. For getting an estimate put the fixed with any tax deductions in a tax calculator — expect around 1.05 to 1.25

MagicalWalrus
MagicalWalrus
Okta33mo

Variable and retention will be paid at the end of 1 year

DancingNoodle
DancingNoodle
X (formerly Twitter)32mo

For fixed salary of 14,40,000 you can expect around 95k

MagicalWalrus
MagicalWalrus
Okta32mo

Okay

BubblyBanana
BubblyBanana
Stealth32mo

Multiply by 0.75 to get a ballpark figure assuming you’ve maxed out all tax saving instruments.

MagicalWalrus
MagicalWalrus
Okta32mo

Okay thanks

SqueakyQuokka
SqueakyQuokka
Globallogic33mo

Yoe? If fresher offer is good

SwirlyTaco
SwirlyTaco
Salesforce33mo

Around 1 lakh 10 thousand

DizzyWaffle
DizzyWaffle
Stealth32mo

Ask the HR of the fintech to share this ‘your monthly expected’ calculations with you.

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