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What is the midpoint salary of Band 8?
Hello 🐟🎏
When will be the retention bonus will be paid if a candidate joined TCS in the middle of the financial year. I.e September'22... Will that be paid on next year's September'23 Month only after completing an year in TCS?
And will the Retention bonus will also be considered as taxable income of the the current year taxes(2022-23)?
Looking for valuable suggestions!!!
Tata Consultancy
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Usually they make you sign agreement for 1-2 years to stay with organization or else have to pay back certain amount of the sign-on bonus back.
Understand the agreement. I had one, would have had to stay 90 days. I didn't accept it but would have been remote the first like 80 so thought it wasn't a huge catch at all
Because it was one hell of an offer relative to current compensation + bonus. Definitely something to consider.
I don't think anybody can know for sure if they'd stay at any job. I was definitely ready to stay all 90 days. Was not why I declined.
Meant my example was not very restrictive had I decided to accept. I'm just encouraging you to read the terms and do what's best for you! Good luck!
Biggest part is paying back the full amount although you only actually received an amount after taxes. But you'll get that difference back in your tax return, somewhat.
I'm in the process of leaving know and I'm dealing with this by getting an even larger sign on at my next company to compensate for the difference.
Offer is with ZS if it matters