If you see the hikes, they may make the in-hand salary less than previously due to more tax deduction, correct me if wrong.

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

Are they out?

By what logic?

You are wrong. If you had joined mid year, your salary will be taxed on the remaining duration in the year which is less when you consider income for the whole year. While submitting ITR filing you will be taxed on income from previous company + FNF + Deloitte salary for the given financial year. This total tax on the final calculated income for the year should be payed during this filing. Now when a new FY starts, your tax will be calculated on the whole annual salary, thats why your taxable income per month increases there by making your in hand salary “less”. This will only happen in the second Fin year of switching companies

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