Hi Fishes,

Got an offer from Wipro, and having some difficulty calculating in-hand salary due to a lot of terms mentioned (sorry I'm that another person asking this annoying question yet). Could you please guide for the same.
Thanks in advance for your insight..

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Your In-hand would be 145393 minus lots of taxes (suppose you take 150k investment claim under section 80C then your taxable income under old regime would be 145393*12-150000-50000=1544717) now tax deduction would be 12500+50000+50000+75000+75000+13200 so you will get annual in-hand 1544717-275700=1269017 annually and 105751 monthly. So your focus should be on reducing these taxes as much as you can

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You are getting approx 1774K inhand including TDS in wipro apart from that you will also get some good variable 100K-220K.

In case of IBM your In-hand would be 1870K assuming you have subtracted Employee's PF contribution from the fixed amount then the difference is still only of 96K annually which is not very huge.
In this case you just compare which company will pay you more yearly including variable and apart from that better career growth and WLB.

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What's your experience and tech stack bro

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6.7 yrs relevant and stack is SAP Basis with HANA/Oracle

In hand will be basic + hra + additional allowance - PF (which is equal to EPF) -taxes which is approx 1.17 lakh - taxes.

6.7 YOE

1.37L pre tax after deducting for PF.
I have not included variable pay

No idea, never worked with wiipro, in general if variable is part of CTC you should at least get 100 percent of it
Do check with other wipro employees as well

~ 1.2L per month take home

IBM is offering 18.7 LPA fixed excluding PF and gratuity..
Is that offer better??

How long did it took you to get this offer letter post HR interview ??

2 days..

Can you tell me yoe and techstack. I got a similar offer

6.7 yrs relevant and SAP Basis with HANA/Oracle

When did you HR interview take place after the managerial round(L2)?

I had my Technical interview last Thursday and HR asked documents on last Friday. But no updates after that

Which Band did they offered?
I heard like for Band B1 and B2 they give 100% variable quarterly

BTW, offer of IBM is it GBS or ISL?

For GBS I heard hikes will be 0% for the next two years
Though in Wipro hikes are not that great

Which band you got ?

B3

.

Exactly around 1.35 lakhs per month including variables

thanks for reply...how much variable usually employees get in Wipro???

How many days after LOI did you receive offer letter ??

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