Hi Fishes,

Can anyone let me know what I would get as monthly salary from this compensation from HCL. HCL Technologies . Also like to know about Variable pay. How it will going to credit either by quarterly or yearly.

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You will get 53000-pf2000-medical900 then plus 3000 monthly engagement bonus..
Around 53000.. then deduct some tax around 7000.. you will get in hand as around 45000..

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Can someone please clarify my query. Your help will be appreciated.

You have 3 components (Monthly, Retirals & other benefits, Variable Components).
In this 3 components, here I am talking about before tax as it varies from person to person.
1. Monthly you will get full
2. Retirals & Other Benefits will be deducted. As you can calculate the total amount/12
3. Variable Components - Engagement PB(Paid Monthly) will get full amount in your monthly as long as you are in project. If you're in bench you will not get it.
- Performance Bonus will be paid Annually as per the consolidated yearly rating.
I hope its clear for you now. :)

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