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 mentioned in the sheet.
Why the basic pay is so low.
I have the same question, yes.
What I understand is that this is a strategy by the organisation to save a lot of money on tax.
If it is low, accordingly HRA, PF and related components will also be low which means company needs to put less money from their end.
They have put everything outside Basic under BoB.
Thanks a ton @Incognito_X - this is really helpful. I am going at Assistant Consultant designation. Is QVA payout really that bad at my designation as well?
Yes, you won’t get 100% anytime soon. Plus there will be more deductions if you add your parents to the insurance etc. There are no allowances there like other companies, so more money will go towards tax.
Thank you @Sandeep1331 - indeed we have a lot of deductions at TCS.
~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 post tax Performance bonus (Quarterly Variable Allowance). However, for the past few quarters QVA payout is very bad. Based on your CTC,I assume you in Associate Consultant grade. Last quarter QVA payout for this grade was 35%.
Could you please tell us the tech stack and YOE to understand the market situation
Mainframe, 10 YOE
B/w 1.2 to 1.35 lpm based on your tax declaration.
Ohh, that would be too less. Thank you for checking.
Can anyone from tcs tell how much will be inhand salary for 12.5 lpa (12 + 50k retention incentive)
CTC - 5 LPA (fixed) was written in JD Basic pay - 20k/month
Flexible pay* - 18k/month 10% of Flexible pay is HRA
PF - 2.5k/month
I am not able to understand my take home or in-hand salary. Will i get 38k or 20k? would be great if you...
