I have got a new offer from a new company. can any HR here help me with my CTC breakup understanding?
Your fixed in-hand will be composed of the below: Basic component: 40-60% of the total fixed HRA component: half of basic component Special allowance/component: the remaining amount from your fixed in hand
From the above the provident fund calculation will be calculated basis the Basic component of the Fixed. 12% of your basic component.
The months when you will be paid any variable that will be added as bonus in that months pay check. But the above calculation remains the same.
For taxation, adding the complete amount paid to you by the employer for the taxable year will be counted
Not an HR but heres how I would explain it to you. Mostly your CTC is broken down into a few components.
Cash will include: Basic, Allowances etc. Variable pay includes Bonuses, Profit Sharing etc. ESOPs/RSUs are all about ownership in the company.
Hi Fishes,
My potential employer is asking for the previous company's offer letter and 3 month salary slips after all interviews.
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Hello folks, When applying for roles, I have seen HRs asking for your current CTC and expectations. Some even ask to share Fixed+Variable components.
I have read that it is illegal in some countries but nothing about India. Is it so co...
Most likely they won't drop your candidature. One way to tackle this problem is to give a rough range and tell them t...
Not at all. I shared my in-hand offer of 60LPA while thinking that HR may not have the right budget. But she came bac...
The way I tackled it the last time was to politely refuse to share my current salary. I did share a very rough range ...
