Hello Friends,
What will be in-hand salary for below salary structure..
I received the offer from HSBC India .

Please help me to understand in-hand salary.

Thank you In Advanced.

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~90k-100k PM depending on your current tax and how you allocate FAP on HR payroll portal.
FAP ~ https://cleartax.in/s/flexible-benefit-plan-fbp and it's for your tax saving and of course it's NOT variable. On top of your own PF contribution,C is the company's PF contribution. You'll get the gratuity amount D, once you complete the 4 years and 240 days with HSBC else you'll NOT get this amount.
This is the rule by government of India and not by the company hence don't argue this with the HR ®.
On TOP of the CTC you might get yearly performance bonus.
Hope it helps you.

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Thank you very much for your valuable response...
Just want to know during HSBC onboarding they provide any session regarding this FAP?
Like in portal how to setup this salary structure?

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Don’t worry, HSBC has plenty of knowledge documents on almost everything.

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Thank you 🙏🏼😊

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When is your joining? BGV complete?

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I also have the same package if you don't have any tax savings and if you select a new tax regime you will get 85 to 90k per month

What will be the in hand for 12 LPA then?
same structure overall 1LPA less

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