Hey everyone,

I was offered a position with ctc as follows below

Base 10.5
Performance incentive: 3 L
Joining bonus: 1L

Total: 14.5L ?

Please help me to understand what would be my in hand monthly salary and will i fall under the new tax regime and how much tax would be deducted

Please elaborate. Any help is appreciated

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You can forget performance incentive as they'll give just 3-5% of Fixed salary for most cases.
Jb has claw back policy if you leave with in the bond period.
So as per your salary, under new tax regime no tax applicable.
Your deductions are pf(both employee/employer), corporate tax 200. Calculate accordingly.

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The people have received performance incentives this time, not close to 50% of the stated value. So consider majorly ur fix salary only,.
People hav got 3-5% appraisal, so the same can be expected next year.
If it fits, then only join. As to retain bonus u will hav to stay at firm effective for 2 yrs n 3 months from moving on from probation period (another 6 months).

If it is mentioned specifically from doj, shout not be concern. But always check with recent offers released or new joiners. The company changes policy on its own, example in Covid time notice was 2 months mentioned in offer letter, but if u resigned now or a year back it was inadvertently made 90 days even though 60 days being mentioned in offer letter.

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