I had an agreement with HR for CTC of 9lpa (8.5 fixed/50k variable). Now, she is telling that upper management didn't approve and they can only offer a CTC of 8.5lpa as fixed ( no variable component). Should I agree to this scenario? How should I negotiate in this situation? Pls suggest.

funny
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Stay 8.5 and make taxable income below 5.. so no tds cutting..

funny

If this is your first offer then yes. Start with that and you will end up with a better offer by the end of your notice period.

like

Don't reject an offer for mere 50k rupees. Accept it and keep searching if you're not satisfied.

Of firm and role is good.. the yes. 50000 that to variable that too if paid after tax wouldn't make too much of a difference..

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