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Additional Posts in In Hand Salary Calculation👍
What will be in-hand salary? Please explain.
What will be my take home?
Hi Folks,
Having below offers what would be the best choice to join in terms of career growth or Work life balance
Morgan Stanley -22 Fixed + 2.5 relocation + 1JB+ yearly bonus
Societe Generale- 21 fixed + 5Lakh Variable (depends on Rating can be 0 as well) + 1.5 L JB Morgan Stanley Societe Generale
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There are 2 ways to calculate PF. Most of the bigger orgs have a flat 12% of basic as the PF amount. The other way is where an org calculates 12% of basic capped at 15000, which means 1800 monthly or 21600 yearly. Some do this to increase the in hand salary, while others do it to avoid paying a higher CTC. There is nothing wrong about PF component in your salary structure. A flat 12% is always better though.
1.3lk
Approx 1.5-1.6 Lpm. Between PF component looks small. Not sure how they calculated. I believe pf should be 12% of your basic. Cross check once with your employer.
yoe?
~125k