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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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I mean from what I read that can vary greatly. MD’s making $500k-$600k+
Could also be anecdotal from only a few, really don’t know on average. But on WSO it sounds like Rx and either there performance improvement or bank groups can make a lot, but also a toon of hours and very sweaty
Similar to A&M comp structure, but likely more cash in hand given bonuses are quarterly.
TAS is on the same comp plan, so typically we pay 2x the big 4 market comp.
Would you hire someone with an FDD background into either Rx or performance improvement? Or do you require those backgrounds.