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My sister has joined small IT company(20 people) and they pay salary in cash. She joined this in jan 2022 and she wants to switch after gaining 1.5 yrs of experience. Her CCTC is 2lpa, no PF she is BSC graduate.Infosys Tata Consultancy Accenture Deloitte IBM
What will be in hand salary guys?
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I have cleared technical and managerial both the rounds in TCS. After that I received a mail for uploading all the docs for HR round. And after that they scheduled my HR round and cancelled it by saying position went on hold so candidature is cancelled as of now. This is very unprofessional.
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Hello OP!
The performance pay is not based on your performance at all. It is linked to the fact if you have an active allocation to a project during the month. Dont worry, if you are allocated to a project, you will get your performance pay in full. This is about the Monthly performance pay..
The other performance pay which you see is the quarterly variable allowance, which means you will get that every quarter. So, multiply the monthly amount by 3, and you will get that for the quarter. Technically, this depends on the company performance, but it is always paid out 100 percent in full. You can ask any TCS employee and they will tell you that it has never been cut. So dont worry about it. The payment date will be like this : for the quarter ending on Oct 31, you will get the variable payout on the November 30 salary...
This is because the quarterly results will be announced after the previous quarter ends, and the variable component is announced at that time too (as I said, always 100 percent)
Please adjust your bouquet of benefits, and include a food card allocation. Drastically helps you in saving tax!
Inhand will be 53-55k per month, and for the month when you get your quartely allowance, you will have 53-55k + (6000 * 3) as your inhand.
All the best!
It would be close to 53 excluding quarterly
Is performence pay variable? And how much deduction may be their in terms of poor performance. Just a generic query.
53-55k and quarterly 59-60k excluding taxes.
Actual pay will be depending on your tax which you might not be paying at all if you manage your deductions.
17000+ 33,851 + 1800 + 4500 I think that would be your monthly in hand