Hello Fishes,

Please answer below questions regarding the attached offer letter:

I asked for 18 lpa fixed, this is what they have offered.

What would be my in hand?

Retention bonus is one time pay?

Tata Consultancy Wipro HCL Technologies

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For a CTC of 18, this looks pretty shady to me

I have double base salary than yours with 14 lpa ctc

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Pls clarify base salary or basic salary?? Jump doesn’t depend on basic but base.

Retention bonus is every year.

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That's TCS' standard salary structure. Nothing shady about it.

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What would be in hand?

you will get something around 1.10 inhand after tax

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Your in-hand salary should be between 1,23,000 to 1,30,000 depending upon tax implications. It's a very good payout. Do not move to any other company for a few lakhs unless you are getting somewhere around 27+. At 18 LPA in TCS, your can work peacefully for the rest of your life. A yearly increment of 5-8 percent boost your pay by at least a lakh. So stick with this firm for medium to long term. Basic pay does not matter at all. If you feel that your EPF is low, simply invest in PPF or NPS that's all.

In the same ctc will I get the full performance bonus/qva?
When will the qva be paid out if joined in sep?
Will the Retention incentive be prorated if joined in the middle of the financial year?

Hi,

I have also got kind of similar package. What is the inhand salary are you getting.

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