My HR says my CTC is fixed component only and 10% variable he will add but then this is not a part of CTC, how exactly does that work?

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Ask him to mention on the offer letter

EXL does not work like IT companies, 10% bonus is over and above your fixed component. I am not sure that it will be mentioned but rest assured that 10% would b minimum u get.

Or atleast a email proof

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Rs. (Per Annum)

Basic (@40% of Total Fixed Pay)

771,240.00

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539,868.00

Bonus/Statutory Bonus

48,000.00

Employer's contribution to Provident Fund (@12% of Basic Pay)

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Total Variable Pay (TVP) (Per Annum) (*)

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Variable - 107,200
Total CTC - 1,340,006

EXL -
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Var - 1,650,00
CTC - 1,345,000 + 50 K Joining bonus.

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