Companies in Mumbai need to add a new allowance to the CTCs

I am getting this allowance which seems to be a retirement fund. I checked with others at Infosys and they are getting it too. Anyone knows why companies add such allowance in CTC?

Hi, I am applying for a new position as react developer in a company at Mumbai. I have an experience of 4+ years in react.js. So how much should be my expected salary. I'm getting 5.4lpa now, I know which is really low.

I’m ML Engineer with 3 YOE (20LPA Base) currently based in Bangalore, and interviewing for a startup in Mumbai for Senior MLE role. During my initial conversation with HR, I told that my expectation would be 25LPA (I think I lowballed myself) and HR told that the budget is at max 25, so if I would be willing to negotiate. Honestly, at that time my only motivation was to get out of my current organisation. Now I feel that I should have asked for more, and after 3 rounds of interview, and evaluating the living expenses in Mumbai compared to BLR, I feel I should have asked for more. I’m going on friday to their office for final interview with leadership, and offer most likely would be made straight after that. How do I get the best compensation possible in this situation? P.S. In another grapevine post, someone mentioned that a PM working there is making 20LPA with 2YOE, and suggested I should be asking for more.

Folks, seems that a lot of IT companies will soon decide how many leaves to give based on location / state - so the lucky chaps in Noida (UP) will get 40 days of leaves (in addition to fixed holidays) and the unlucky folks in Mumbai will just get 26 days.

If not possible then at least during the time when monsoon is at its peak... If not possible then at least on the days when it rains a lot regardless of it being the expected peak of the season It saves lots of time and trouble with potholes, getting sick due to exposure to rain, traffic, etc. In the long term it saved more time of employees and company if companies consider these factors.

So, i might get an opportunity at mumbai & the closest areas are worli, lower parel, mahalaxmi etc. I need some clarity about the living conditions there since i've heard that area is one of the most expensive ones in Mumbai. Now, given as to how bad traffic is, i don't want to find place which is too far from office. If anyone could give me an overview of how to settle there. Also, i've asked for 14-15 as base along with relocation help as well from the company, lets see what they have to say about that. Is that a good salary? (previous was 10+1) how is life there at Mumbai basically? professionally, personally, socially TIA

Friends, Need your advice, I have around 4 years of experience currently working for Total CTC 20.7 LPA (19.2 lakh fixed + 1.5 reimbursement benefits) and it's work from home. Can be laid off anytime. Since I'm on bench for last 6 months without any billable role. I got an offer from a company in Mumbai they are giving me a 30 percent hike from fixed around (24 LPA + 2 Lakh joining bonus ) for Navi Mumbai location. And it's going to be work from the office. Is it worth considering the opportunity ? This will be my 3rd switch, is it harmful switching often. Please help and advice

Will TCS give any allowance if we work from client locations(bank)??