MagicalWalrus
MagicalWalrus

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
21mo ago
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GoofyDonut
GoofyDonut

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

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

DancingNoodle
DancingNoodle

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

MagicalWalrus
MagicalWalrus

Okay

BubblyBanana
BubblyBanana

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

MagicalWalrus
MagicalWalrus

Okay thanks

SqueakyQuokka
SqueakyQuokka

Yoe? If fresher offer is good

SwirlyTaco
SwirlyTaco

Around 1 lakh 10 thousand

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