Prov Payslip is generated for Jan month. I am new to HCL, joined on 3rd Jan. The prov payslip generated from Jan3rd to Jan31. I see there are deduction for basic salary, HRA Etc In the Income tax computation, the projected standard salary is for Feb and March. But it is showing twice of current month gross earnings ( current 88615.59, 88615.59*2 = 177231.18) What is the standard deduction 50k here? From next month will I get 94727 as my gross earnings? i am new to tax,pls help HCL Technologies

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

From next month you will get 94727-3127.
HCL might not deduct tax for this FY, but you will need to pay tax while you submit your IT returns for this FY if your taxable income exceeds more than 5lakhs. You will get 2 form 16 one from HCL and one from previous organization.

like

Thank you for the info 😊

From next month gross earning will be whatever mentioned i.e 94k but as your salary seems to be near about 12 lakh then u will be paying tax from next fy i.e April 2022. Go through tax rules and regulations, you may need to pay tax upto 5 to 6k per month if you show proper HRA, 80C and other saving plans

Note - your tax is not deducted here as HCL is taking your this 3 months salary into consideration which is not falling under tax payment category. In ITR, you may need to pay the tax for this salary also if your previous company and HCl annual salary cross beyond tax exemption category for this FY

helpful

Previous company, my package is 4.5lpa

Please help me.

Post Photo

How does all this matter? Your income is lesser than 5 lakhs for this financial year.
First declare your previous income to this organisation so you wouldn't have to face a headache later on.
It's projected for a reason. It'll change

Please raise an SSD and download form 12B and submit it asap otherwise you have to pay the intrest while submitting ITR.

Even I have the same thought, I am in the same category. Do let me know if you find any solution

Related Posts

How much does Infosys pay to a JL5 and JL6 for onsite? After how many years after joining do they send abroad? Infosys

like

Is there a website where consultants share their compensation with YOE, title, rating, etc?

like

Have offers for AMEX and VISA at a Senior Manager Strategy role. Both offers are almost identical in base and annual bonus.

Which firm has faster growth to Director and better long term success?

#Amex #Visa

likehelpful
like

How to negotiate bonus when an offer comes in only at 10% higher? Should I negotiate or just take the offer?

like

11 yrs experienced having 2 yrs exp as SAFe SM and total 4 + exp as SM. looking for a new opportunity. Pls suggest if there is any opening and what shall be the ideal asking package in current market

What’s a fair expectation for my first raise? Publicly traded co with ~2500 employees. I’ve been doing litigation with the company for almost 3 yrs and have only had a 2% cost of living raise so far. Graduated in 2014. Base comp is $127.5k in the Philly area. I see salaries all over the place in this site and it’s hard to tell whether mine is competitive.

like

Hi Fishes, I recently joined NielsenIQ on 13th and was offered with 2 lakhs of joining bonus. The first month's salary got credited yesterday but there's no Joining Bonus. So I wanted to know if you joined the same company or a different one, when did you receive it ?

Nielsen Tata Consultancy Infosys Deloitte Accenture Wipro IBM

like

Currently an associate at a V30 and negotiating a partnership position at another V30. What is the correct way to maximize the pay in the negotiation as a lateral partner? I’m afraid of settling at a lower price than what they can do at the top end of the range! Do I anchor by asking for an outrageous figure or let them offer a salary figure first?

like

Can someone describe the difference between Apple in Culver vs Apple in Cupertino?
(Types of work, culture, pay, teams, etc.)

like

Will it be a good move to join IBM GBS in 7A band. Also what are supplimentary benefits other than salary? like bonus or variable pay or something like that. How a regular day in IBM will be?

Hi All,

I joined HCL in july 2021 & completed one year in july 2022. Currently I am serving notice period and my last working day is December 7th. I resigned in September month
So when I will get my variable pay of last year as my performance cycle is still not closed.

like

Anyone technical guy with merchant QR experience looking for change? There is a requirement in Bajaj Finserv, exp 10-15 yrs. Attractive salary.

like

I hage recently joined EY.. just wanted to know...what position is rank 42 in EY and on which date salary is credited in EY?

like

Are there any fundamental differences between a salary negotiation during the start (applying for the job) vs. Salary negotiation during a performance review (you’ve been employed for x time and looking for a raise). I’m in the latter and wondering if there are any maneuvers that are different I should be doing.

likehelpful

Hi I'm working as a data engineer and having 1.4 YOE with current CTC as 4LPA, what will be good time for me to switch and how much CTC should I expect?

Should we actually start posting our rates and salaries?? I work for stepping stones group, I was recruited under a travel contract and they tried to renege. My current offer is for 62/ hour but direct service only aka I only get paid if I’m with kids/ Medicaid billing.

like

I am looking into a Product Manager role at M&T Bank. Does anyone know the salary range or can tell me about the work/life balance?

like

I was approached by an external recruiter about Houlihan Lokey TAS at a senior level (SVP / Director). No specific comp ranges discussed yet, but I hear bonuses are massive. Not sure if anyone has insights at that level as most posts are for analyst / associates - thoughts?

Also hearing about a lot of turnover at senior levels - for people who work there, what's the story? Is it a leadership problem or just limited to offices?

like

Hello Everyone,

I presently work in a serene and welcoming workplace where the atmosphere is extremely soothing, but I believe that given my current circumstances, my cost of living is too high and my pay seems to be very low given that I have quite a few additional responsibilities on my shoulders. Can someone confirm the salary slab for an Indian bid specialist with 7 years of experience?

like

More Posts

Anyone know of any job opportunities in social opening up this Q1? ✨

like

Hi Verizon Fishes,

Need your feedback on Verizon India Job security, I will be joining soon in Verizon. I got some negative feedback from social media that Verizon fired around 1000 employees without notice. It should have happened on 2019.

Can you pls share your thoughts on this?

Thanks,

like

Had an interview today, for RN OnCall position. This is an extremely difficult position, but I bring not only a preference to work the hours they need but the experience and credentials to qualify for the upper range of the salary (RN, MSN, CHPN, 5 years hospice experience). I asked for the range and he gave the range then immediately stated that I would qualify for mid range. My goal is to find a similar position to the one I’m working now and add 20-30% to my income, the high range would meet

like

Hi Guys,
I have around 4 years of experience in C++...I got a new offer from a Product company For Java/Jswing role...Is it OK to change to different technology now...I am considering this offer as they are providing WFH.

like

Does BofA provide free access to use udemy/pluralsight courses??

like

Have a 2 hour LBO model test for small size PE shop. How complex are these typically? Similar to a paper LBO given the 2 hour time frame or more of a full 3 statement model?

like

Yum yum yum yum

Post Photo
funnylike

Age old question… I’m considering Accenture M&A vs PWC M&A (IT-focused)… thoughts/ experiences on the “better” or “current ” culture, group leadership, strength of practitioners, path forward? Accenture PwC

like

Any 🐠 work in Capital Excellence at McKinsey? Used to be called capital projects and infrastructure. What is day to day like? TIA.

like

P&T moving to cohort. Thoughts …

like

according to the all-hands webcast yesterday, I thought I overheard someone say that raises will be significant this year? I know we’ll find out at the end of the month but does anyone have anymore details?

like

Since GTM was moved out of P&T and into Consulting, does that mean our salaries/bonuses won't have the 25% cap that everyone's talking about?

likesmart

Is P&T really just trying to replace local dev teams with AC/ offshore teams??

like

If I am hunting for a job, is BCG Attorney Search actually worth working with? They seem to be everywhere, but something about them seems scammy.

likefunny

Thoughts on SPHR vs SPHRi? I have PHR currently. Current company is growing internationally so I'm debating which route to go.

like

Hi 🐬. Any Amazon /Aws fishes willing to chat. Need to get some info. Amazon Amazon Web Services . Thanks.

like

How long do y’all like resume bullets to be? I know to keep them to 1-2 lines and to keep the resume to 1 page but I’m conflicted about how to balance details vs white space. I’m in product and see some resumes with bullets averaging 5-10 words that state “Manage roadmap for $200mm product” while others use ~20 words per bullet and highlight product info, process, or impact in a bit more detail.

What are your thoughts about Gartner? Manager role in their Strategy Ops. Is it a good company to work for? Pay? WLB? Benefits? Have been reading controversial comments on Glassdoor

like

I am a Chartered accountant and truth be told given the current times CA is a really low incentive education any potent person can get. Today I see engineers barely with a few years of experience earning lakhs per month. Whereas me despite being in the right place at the right time is working hard 10-11 hours each day even today. We as a forebearers of this profession must really rise together

like

Folks,

What is a decent ctc for overall 7 years experienced BA/consultant in Financial services domain (3.5yrs post MBA) in Singapore considering the cost of living in SGD?

like

Additional Posts in Consulting India

Need 11 likes for dm, please help me out

like

Hello fishes,
Just wanted an estimation...
What should be the expected salary for 6.5 YOE in SAP ABAP?
(not considering the current CTC, what should be ideal?)
How would one check if they are paid as per market standards?

like

Are there any good opportunities in Application support especially in Mumbai?

like

Why are some bosses so extractive in how they deal with team members? Don't they realise that the team members are humans too and there are more important things than work in life?

like

Am a new mom, please suggest which one has good work life balance and growth Capgemini share point project internal project or Eurofins IT Solutions India Pvt. Ltd . Both are offering almost same compensation and job title.

like

How to tackle 90 days notice period ! I m into SAP Implementation project . Lost complete motivation to work in this environment. Now i have resigned. I am sure they will still assign me objects till last week . How to tackle ?

Career Timeline

I come from a place where I don't have many "at a good place in tech/management industry" people around. This WFH is good but only because of it I'm not familiar with people's jobs and how did they get there. If you have some time, can you share your career journey?

like

I have been a .Net backend dev for the past 6 years now with good enough exposure and experience in flutter and python. I was just wondering is it worth it to learn Xamarin now?
I recently read somewhere that even Microsoft has deprecated Xamarin.
Was just wondering if it would add an advantage to my learning and resume?

PS: I have no interest in learning Xamarin.

like

Does the new employer verify the previous employer salary slips.

I am a new joined in ibm.could anyone please help me to fill the timesheet.i don't know how to do it

like

Hello Friends, may I know when I checked message detail in my login I am not able to check even offer letter all are archived for IBM, how can I check

Never try to show your importance during notice period to the current team. It's just waste of time.

likehelpful
like

Just left the job and the previous company announced hike today 😖(Just 15 days after me leaving the job). Feeling at loss. But they have said they will give it after 3 months to their employees. . I hope the package I have got will be higher than what the hike will bring to them.

like

Hi,

I have applied for senior software Engineer role in react at Publicis Sapient. Last round is managerial round. What kind of questions should I expect from this round and how to answer?
Also I currently have 10.6LPA fixed package. How much hike should I ask for?

Please advise. Thanks

like

Hi Fishes,
Which company I should join and why?
YOE: 4.3 years
Profile: Verification Engineer.
Offer 1:
Samsung r&d institute, Banglore
22.70 LPA + 5 L joining bonus

Offer 2:
Wipro, Hyderabad
23 LPA + 2 L joining bonus

like

Hi fishes,

Today I interviewed with the patym payment bank team. Interviewer asked me to flatten a deeply nested array?

function flattenArrayOfArrays(a, r){ if(!r){ r = []} for(var i=0; i<a.length; i++){ if(a[i].constructor == Array){ flattenArrayOfArrays(a[i], r); }else{ r.push(a[i]); } } return r; }

I implemented this solution. Now the showing part, Interview said,"i donot think this solution even pass the dry run use cases😂😂"

This is the level of engineering team they have. O

likefunny

Anyone joining infosys on 27th October?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal