Hi Fishes,

I have received an offer letter from HSBC . but couldn't understand the salary. Please help me to understand what could be my monthly take home if I opt for New tax regime in the below salary structure.

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How many years of experience and for which GCB level?

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9.5yoe and GCB5

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~₹150k-160k PM depending on your current tax and how you allocate FAP on HR payroll portal.
FAP~ https://cleartax.in/s/flexible-benefit-plan-fbp and it’s for your tax saving and of course it’s NOT variable. On top of your own PF contribution,C is the company’s PF contribution. You’ll get the gratuity amount D, once you complete the 4 years and 240 days with HSBC else you’ll NOT get this amount. This is the rule by government of India and not by the company hence don’t argue this with the HR 😀.
On TOP of the CTC you might get yearly performance bonus.
Hope it helps you 🙏

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Around 175k. By the way what's ur yoe and skillset?

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That's a good offer. What designation they are offering?

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Bro what is your skill set in python, I am looking for ways to upskill in python.

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Hi
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