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Chief
Out of 4% of ur CTC , they payout 2 to 3% every year rest all 96% is fixed which will get taxed based on Income tax rules and ur tax declarations
@Program Manager 1: If you don't want to rely on anyone on fishbowl, then why are you here. Also, Learn from others how to advice and help like many did to my post. We should change ourself first then others. Thank you. 👍
Rising Star
Should have asked these questions to HR
Rising Star
Am here trying to help you as each offer is different and only the HR can answer questions correctly. Donno why you wanna trust some anonymous people messaging here instead of aksing direct source. And on top you wanna be sarcastic? Also if am HR what's wrong about it?
Learn to be humble and accept others view points.
The fixed salary translates to gross salary, so yes only income tax deduction from your gross salary, along with your contribution to PF and professional tax.
Employee contribution to PF and Gratuity is up n above the the discussed fixed pay.
4% bonus will be (~) approximate figure to your fixed remuneration i.e. 4% of 36 in your case.
deduct 20% consolidated tax and 10% Pf from total CTC and you will get the in-hand CTC.
25-26LPA will be in-hand in your case
Genius. Sorry for the late reply. But your anwser was perfect my friend. 🫡