Just to clarify, when talking about TC, does it mean salary plus cost of benefits that is shouldered by employer?

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Anything that hits your bank account… Salary plus yearly bonuses, equity awards, commissions, etc. Cost of other benefits such as healthcare, 401k match, etc. are not typically included.

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Got it. When HR speaks about TC they keep throwing including benefits that you don't see directly reflect on your paycheck. Devious definition from them.

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I recently switched to a fed gov job. They're limited by set salary scales which are quite a bit below local market rate, even with the locality bonus they are allowed to add. So, the recruiter kept saying that the benefits are worth about 40%. However, that figure literally includes all the benefits programs they offer and what those would cost an individual. They never were so devious as to consider it part of TC though.

I gave up 30k in base and about 100k cash bonuses. Pension makes up for the difference in base and better work life balance for the bonuses.

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Hi

What would be the inhand salary of 37 LPA?
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