Related Posts
Salary of a L4 employee in Amazon Singapore
More Posts
Just pulled the trigger on a peloton 😩
Best cocktail and why?
Additional Posts in Cognizant (CTS)
Is there any vacancy in azure cloud consulting?
Hi Fishes, I recently got offer letter from cognizant
And got a mail to complete bgv and documents. It has one section named employment information under which they are asking manager and hr details which are Marked mandatory. Is there any way to submit without filling this part.
Cognizant
Yoe: 10
Package : same
Cts or tcs???
How is Horizon BCBS project in Cognizant?
How is the job security at Cognizant?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Basic Salary defines how much your in hand salary will be. Also based on basic, PF - employee contribution(12%) and HRA ( 40 -50%) is calculated. Hence it has impact on how much tax will be deducted since PF comes under 80C and you can avail tax exemption for HRA if staying in rented place. Since high basic will mean high PF, your PF balance at the time of retirement will give you a financial security at retirement.
Unless there are are more tax free components in your CTC, it's better to have a good amount of basic.