{ "media_type": "text", "post_content": "Hi Guys,\n\nI have received this offer from barclays but flexible benefit is little confusing for me, can someone help me with what i could expect as my in hand salary.\n\nThanks in advance", "post_id": "61b9d03bfc935f00331f7461", "reply_count": 17, "vote_count": 0, "bowl_id": "60a8fdccc4cdce0022698c79", "bowl_name": "Barclays India", "feed_type": "bowl" }

Hi Guys, I have received this offer from barclays but flexible benefit is little confusing for me, can someone help me with what i could expect as my in hand salary. Thanks in advance

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FBP is something that you will get. But you ca customise it according to your needs. You can either reimburse it as travel, food etc or keep it cash but then it will be taxable.

103133 will be monthly inhand salary, tax will be extra deduction on this. If this is Barclays offer there should be annual bonus as well? Is it not mentioned in offer letter??

I got an offer from Barclays it's CTC:11.73 fixed ,what will be the in hand monthly

I got the same exact amount in my offer. Nothing is mentioned about annual bonus for me, It's same for you as well?

It is usually the same for all. Worry not you will get bonus. This is how Barclays works. Even in my offer letter bonus was not mentioned but we get them for permanent folks for sure. Apart from bonus, you will also be getting transportation (to and back to home), year end gifts (usually amazon coupons), team wise party funds etc. Barclays also gives either 15 days stay at 5 star or a reallocation bonus. But this totally depends your role, city and hiring process.

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Annual bonus is not part of ur CTC here. It happens based on companies performance. But it's usually 10-14% of ur CTC but may vary. Flexi is basically a component of ur sal which can be made tax free by showing proofs such as petrol allowance, LTA, telephone bills, etc. It's just a way to save ur tax. The in-hand salary will be around 1lac considering u have done investment in 80C

Yes. U have to join Barclays before October for that.

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FBP includes LTA, Sodexo, Telephone/Broadband Reimbursement, etc. Don't worry, you'll get it all. You can opt this component as a tax free reimbursement benefit or choose to get it as part of monthly salary, whatever works for you!

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