Guys, I got an offer letter from Tata Consultancy

Few observations I have where I need your suggestion.

1. Fixed Basic is only 18% of CTC. I think the only benefit from this is lower Retirals deductions.

2. There is one "Personal allowance" that is almost 70% of the BoB. Any benefit from this on tax?

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Fixed basic is low that will increase your in and salary. Also rest component are part of Bob which you can adjust based on tax savings options in every company

Do note that once wage code is passed by government all companies have to keep basic as at least 50% of fixed ctc.

In tcs there is monthly performance pay and quarterly performance bonus.
Monthly performance pay is paid if you are currently billable on a project. If you are bench, that is not paid.
And quarterly is based on performance, but as per internal employees, it is mostly paid out 100%

There are different heads where you can set your BOB like LTA,HRA etc in portal. Anything extra in BOB will be considered as personal allowance which is fully taxable
Low basic has more bad sides as per my opinion like leave encashment based on basic, gratuity payment based on basic.

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