Hi Fishes, I am new to this variable included pay structure. From my first company to current I am getting fixed pay only. So, I know how to calculate my in-hand salary with that. I can see here 10% is variable pay. I have some questions,
1. How much will be in-hand salary?
2. Is there any hidden component which may deduct from my salary?
3. How variable pay will be paid? monthly or quarterly or annually?
4. How much variable pay we will get by Average?

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Posting as :
works at
You are currently posting as works at

YOE: 7
Stack: MERN
Grade: P3

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1) you can calculate in hand salary on 2424696 for 12 months. Deduct employee pf equal to employer pf from this fixed amount.

2) Hidden component is that you have to pay 815 p.m. as premium for Group Term Life Insurance.
It is separate component apart from your health insurance premium

3) variable is paid annually.

4) variable pay depends on various factors like BU performance, employee performance.

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Can we opt out of this term insurance if we already have one?

In hand salary would be -1.60-1.62 lac

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Variable pay would be pay annually - Based on number of days worked in performance cycle period and your ratings and company performance

For 100% utilisation - and with high ratings you may expect 110% variable pay also and with avg performance you can expect 85-90% variable pay

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Off topic: How are growth opportunities/wlb in Cimpress vista? I have an offer from them for PR2

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Did you get any info regarding this? Am also looking for the same.

+1

What is current ctc?

I already have one offer on hand , one in pipeline,yoe 9 years - CTS hr asked me how much I am expecting I told him 36 , he agreed and processed my profile to schedule a discussion. Do you think they will pay that much ?

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Yoe 9
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Hey Folks,

Can someone please help me with the in-hand salary calculation?

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