I recently got a CTC break up from TCS which is around 26 lakhs. Really confused on the break up structure. They have included Performance pay in Gross section and its divided into 2 parts

1. Monthly Performance Pay
2. Performance Bonus (QVA)

I fail to understand which one is fixed and which one is variable

Additionally, they have included retention incentive paid yearly.

Kindly advise....

I am still confused what will be my hand salary

likeupliftingfunny
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One would get complete Monthly Performance Pay.
The Quaterly Performance Pay will depend on your Allocation Index, Unit Billing, etc.

like

Monthly variable will be fully paid out. Quarterly is variable and depends on the performance of the project.

like

even i got both and based on my research, both are variable pay(it's explicitly mentioned in the offer letter). But from what i heard, you'll get the monthly bonus for sure and the quarterly bonus is the one that depends on your performance, management and company's performance

What’s your YOE ? QVA depends on level as well but yeah it will be announced quarterly based on company results

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