by FloatingCoconutBajaj Finserv
Take Home Pay Bajaj Finserv
Can someone help me with the take home pay after all deduction out of this ctc structure
GoofyMarshmallow
TCS - Need help to figure out Take Home salary
Hello friends, PFA the compensation sheet for 25 lpa CTC for TCS. Can some please help me to calculate approx take home salary? Please consider 1.5 lacs standard 80C deduction and 26000 as HRA per month. No other deductions apart from mentioned in the sheet.
11mo ago
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ZoomyWalrus
PWC11mo
Why the basic pay is so low.
DizzyNarwhal
Accenture11mo
I have the same question, yes.
GoofyMarshmallow
FIS Global11mo
What I understand is that this is a strategy by the organisation to save a lot of money on tax.
If it is low, accordingly HRA, PF and related components will also be low which means company needs to put less money from their end.
They have put everything outside Basic under BoB.
GoofyMarshmallow
FIS Global11mo
Thanks a ton @Incognito_X - this is really helpful. I am going at Assistant Consultant designation. Is QVA payout really that bad at my designation as well?
ZoomySushi
TCS11mo
Yes, you won’t get 100% anytime soon. Plus there will be more deductions if you add your parents to the insurance etc. There are no allowances there like other companies, so more money will go towards tax.
GoofyMarshmallow
FIS Global11mo
Thank you @Sandeep1331 - indeed we have a lot of deductions at TCS.
SqueakyUnicorn
TCS11mo
~1.41 l/m. Retention bonus is not considered. On top of this, once in every 3 months you are supposed to get ~43 k post tax Performance bonus (Quarterly Variable Allowance). However, for the past few quarters QVA payout is very bad. Based on your CTC,I assume you in Associate Consultant grade. Last quarter QVA payout for this grade was 35%.
BouncyBoba
TCS11mo
Could you please tell us the tech stack and YOE to understand the market situation
GoofyMarshmallow
FIS Global11mo
Mainframe, 10 YOE
ZippyCupcake
TCS11mo
B/w 1.2 to 1.35 lpm based on your tax declaration.
GoofyMarshmallow
FIS Global11mo
Ohh, that would be too less. Thank you for checking.
PeppyPretzel
TCS11mo
Take home , you will get around 1.4 k
SillyPenguin
Wipro11mo
No company gives as per our calculation. When they see the payslip HRs say that your previous company is not transparent regarding ctc. But reality is no company will be transparent
GigglyDonut
KPMG11mo
That’s bad & sad 🥹
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