When I first joined TCS, I was ready to understand every part of my salary. One that stood out was the personal allowance in TCS. At first, I wasn't sure what it covered. After some exploring and discussions with colleagues, I learned that the personal allowance is a flexible part of the compensation. It's typically used for reimbursements like fuel, phone bills, or meal expenses. In my case, it allowed me to adjust my tax savings more efficiently. However, I wish TCS provided more specific information immediately on its use, as the benefits aren't immediately clear. However, it came to be a useful tool for better controlling work-related investment.
TCS is a great organisation to work in. If you want to know what is the personal allowance in TCS, then that will be INR 7,570 per month. This was set in 2018 and since it has been quite a few years, it may change.
To calculate the taxable income, deductions are made from income which constitutes personal allowances. The personal allowance in TCS is INR 7,570 per month. This amount can change according to TCSL’s compensation policy. Since these allowances are personal, an employee can use them for himself or their family members. Without paying your taxes, the company would deduct a portion of your taxable income which will be given to you at a certain time.
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?
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 m...
~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 po...
CTC - 21.5 lpa Fixed - 16 lpa Joining Bonus - 4 Relocation - 1.5
Also tell me which regime to follow and how to save tax
Please speak to a CA and never take financial advice from random internet forums 😅
What is the average salary of a system engineer in TCS? It would be very helpful if someone could share an approximate salary break-up as well.
