CTC vs Take Home
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
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