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I joined BA a year back, my office location is Chennai however from the joining date I'm working from Gurgaon and now my manager wants me to return to office location in Chennai. if employee is not ready to relocate as per offer letter would he be asked to resign or management is allowing them to work as exception Bank of America
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We can tell you the exact inhand if you could post the breakup.
Depends on how much basic and other exemption you got.
Usually bofa gives basic as 35% of CTC - 385000 (if 11 LPA)
Your employer PF would be 12% of basic - 46200
Your Gratuity would be 4.808% of basic - 18,510
LTA - 30000
Your pf contribution- 46,200
So, total Exemption/deduction per year - 140910
Total inhand per year - 9,59,090
If you choose new tax regime as no tax, your Monthly inhand would be approx.
= ~79,900
March month you would get extra salary with LTA amount.
Let me know if I am making incorrect calculation
The amount your mentioned for all are almost similar in my CTC breakup. Basic - 385000. PF 46200 Grad - 18519 LTA - 30000. You missed HRA 192500. And Deductions are only Pf's twice and gratuity. 46200+46200+18518 right ? ( 110910 )
Actually i included LTA also away from inhand hoping you would choose reimbursement. Thats why 140910. ( same reason i mentioned, march month you would get extra which is LTA if unclaimed)
I didnt mention HRA bcz i wanted to only exemption and deduction. Since you will go for new tax , the value i mentioned will most likely close i believe.
It should be around 9LPA..
Btw what's the title ?
If CTC is 11 LPA