I recently got an offer from JP Morgan and CTC is 18L but the basic is 5.4 L, LTA - 40k, HRA - 2.7L, PF - 64.8k, Special Allowance - 8,85,200. I wanna know what does special allowance mean, will I get it in hand or is this like a gimmick? Also the offer is for the position of Analyst. Please help me out.

like
Posting as :
works at
You are currently posting as works at

In hand cash component but taxes will be deducted.

Yoe?

3.5 years

+1

3.5 years

Yoe

3.5 years

like

This would be direct fixed pay component, it will be paid with tax deduction.

I think somewhere around 1.1 depending on your tax saving investments. They won't pay LTA monthly

I have the exact same offer as you, May I know which team are you joining?

What is your current salary at MS ?

They offered fixed pay, not ctc. you can simply substract pf to get taxable income.

Consider it as an allowance which can be claimed as taxable or non taxable provided you give travel document.
It wont be paid monthly. Its an yearly comp

Related Posts

Folks, one question. I definitely want to leave KGS after Nov 25th due to horrible projects.
I just got increment in October of about 25% already. If say I switch in Jan-Feb, will I get 25-30% increment on my current hike?
If the new organization asks that you already received a hike, what shall I say to hr during salary negotiation round?

What are your thoughts on location agnostic pay? Anyone have experience with it? Any companies you’d recommend looking at?

like

Anyone move from Accenture to Visa? I’m about to. I wasn’t in consulting at Accenture but I’m wondering how the cultures compare in general.

like

Can an ITA get UK onsite however salary is 5.48 lacs.

like

@MBB folks - what qualities/value do you look for and appreciate when a 2nd or 3rd degree connection reaches out and attempts to network (with intention of securing a referral down the line)?

like

Hey folks how interview and onboarding process happen in HCL Technologies i have a notice period of 90 days and cleared all the rounds had my salary discussion what next ?

After salary discussion how much time usually HCL Technologies take to release offer i am asking because i am waiting for the offer letter so that I can resign.

like

Tips on negotiating a raise! I’m no where near the timeframe for one(only been there just over 90 days), just want to be prepared for when that meeting comes up at the one year mark 😅

Used to have a career with a. Union, this was never a concern till now LOL

like

Which companies offering 25L above for 7 years experience ? Skills: selenium,API automation,Cypress,SQL

like

Seeking advice: I’ve been working as an analyst at a PE company for 18months 4 days a week on a part time contract and I feel like they are under paying me. I’m earning 42.2K p.a They want me to go full time as I am graduating however I don’t know what the base salary for an analyst with 18 months experience would be. My friend who works as an analyst (with less experience than me) is earning 70K. Would love to get a sense of what I should be expecting / asking for when I go full time. Thanks!

like

Hey fellow fishbowlers! Looking for some feedback. Possibly moving to Chevy Chase, MD as a PM for CBRE. Any idea on cost of living for one person there?

like

Please help me, which one to choose?

Optum: 11Lpa
Amdocs: 8Lpa
FIS: 9.27Lpa
Brillio: 11Lpa

like

Hi Guys, I am holding offer with 16LPA at hexaware and 16.8LPA at Verizon. I am working in workday technology having close to 5 YOE. I am bit confused which offer should I go for..

Please help me with your experience.. which one is best to choose as of current market standard and future attrition.

like

Is anyone at Salesforce willing to refer? I can DM the position or other details as required. Thanks!

like

What is the average salary for someone in claims with the AIC designation?

like

Amazon Amazon Web Services Street Smart VS Book Smart

From what I've researched so far it seems amazon hires based on what you've done rather than what you've studied.

Well I have created learning experiences that my employer uses globally YET I haven't gone to any interview stage.

What do you do to get your resume seen?

like

It seems like there’s a huge range of salaries for “art directors” even within the same city... Does anyone have insight to what range I would be looking at (overall range, lower end of range because I’m a junior currently?). I have been working consistently for 2.5 years since I’ve been out of school, but I’ve worked several part time/freelance jobs and have had several internships throughout schooling years too (total EXP = 6 years?). Would be jumping ship, not an internal promotion. Thanks!

like

Hi HSBC fishes,
Need your help for a referral. I have the job id. Cab anyone please help.
Thanks..

like

What do you think is a good starting salary for a remote CM in the US?

like

Hi. I have applied for a job in an academic setting for a leadership role in cancer research. Duties would have me responsible for a small team of research nurses as well as other managerial duties for the department. I have been a research nurse for 3 years now, but I have no experience applying for a salaried position or a role in leadership. What sort of salary would be appropriate to ask for? I know that I should aim high and let them counter, but how high exactly? Thanks I’m advance

like

More Posts

Extraordinary customer support rescues any startup. I said what I said 😫

like

I have got an offer from Cerner. Is it safe to join Cerner now after Oracle’s acquisition?

Starting a new business and am trying to forecast sales but have no historical/competitive date to go off of. How can I best forecast sales?

like

What reason should I mention on resign?

like

Scenario: baby coming in January and have an offer to lateral. Current firm gives 12 weeks of parental leave. New firm wants decision by next week. Would like to give a few weeks notice to current firm about leaving but need the entire parental leave. Parental leave can be taken at either firm but importantly, need the full time off and not work at all. What to do and when to do it (ie provide notices etc.). Thanks!

likehelpful

Hi Everyone,

Currently, I have 2 YOE in Frontend development. I am planning to apply for PR in Canada / Australia. Will I be able to get PR with such less work experience? Or would you suggest to make a switch now and plan for PR after a year?

Please let me know your thoughts on this.

like

Behavior intervention option for special needs

like

Any private place for working couples?

If anyone needs help finding an apartment or a home in Dallas - feel free to reach out to me and I can have an experienced realtor help you :)

like

What are some of the agencies/clients in the federal space you've all liked working with the most and why? The office space, the people you worked with, the kind of work you were doing, whatever.

like

May not be the right channel but would like to see if there is a bowl for buying and selling houses. Looking to buy in the Houston area and would like to find a real estate agent - any recs?

like

I am going to join EY in early march, i want to know the EY leave calendar and how much leave we are providied by organization?

like

So many signs are abortion related, it's been 40+ years, can't we all accept Roe V Wade as settled law! (Indictment of the opposition not protester signs)

like

Folks in NYC interested in getting a meetup going?

like

Turnover in analytics and research groups seem common but lately it has seemed higher than normal. Anyone else experiencing this at their agency?

like

Angry Hamilton and Toto is a deadly combo!

likefunny

2 weeks in an my night and points are all fucked up.. come on Accenture get your data migration workstream together

likefunny

Hi Fishes,
What is a salary range- (only fixed comp) for a product design manager in Indian product companies as per your knowledge??

like

When the summer intern thinks they found fraud because of a $2 difference

Post Photo
likefunny

Additional Posts in JP MORGAN India

What are the different job levels (like 601,602 etc) in JPMC?

Thanks!

like

Hi all, can anyone provide me info about office cab facility in JP Morgan Hyderabad. Is it free ?

like

I am selected in first round of interview. What would level of second round ? Will it be managerial or tech as well ?

like

Am I eligible for bonus. I joined in April?? Will it be on pro rata??

like
like
likeuplifting

Hi,

I am a backend Java developer. 8.5 years of experience.
I have got an offer from JP Morgan Chase.
Designation - Associate (602)
CTC - 33 fixed + 10-12% bonus (expecting total around 36-37 LPA)
Joining date - 15th Sept
Have accepted the offer letter. Wanted to know, how the offered CTC is compared to current market standards.

Alternate offer - Q2 software
CTC - 37.5 LPA (33 LPA fixed + rest stocks)

Preferring JPMC as of now. Please share your views.

like

About to join jpmc in finance risk data and control (FRDC) line of business. Can anyone help me with the work life balance in this lob ??

like
like

Any openings for non technical role for package more than 10 lacs

Any open position for a CA fresher in JPM?

like

Can any1 refer me in JPmc ? I m an azure data engineer and yoe - 8. LWD - 19 oct

like

Sharks at JPMorgan Chase

Can anyone share the office infrastructure like Gym, Cafeteria, Parking and Transport for Mumbai offices?