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48.5lpa is max. Combination of fixed and variable can vary slightly.
Fixed + variable
Did you interview recently? How was the experience?
Total YOE, tech stack and current CTC?
Chief
I think it's good offer, band 6 comp can be go upto 48lpa
You can ask to reduce variable pay and give fix pay more. Upto 48lpa is the highest one I have seen.
Then for band 7 what is the range?