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I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.
In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.
I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.
Also, what can I do to pay less taxes? Any help on that?
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It's just a much better city for me. I have friends here now, there are events I want to go to. Yeah, cost of living sucks but my mental health makes up for it
Yeah deloitte doesn't pay differently based on location so you wouldn't get an adjustment. Get a roommate?
Uber on the weekends
Change jobs
Why do you want to move? Industry? Change of pace? I'm assuming this would be a voluntary re-location and you are hoping to stay with your firm. You can talk to your manager/ counselor and let them know this is something you want to do for personal / professional reasons. They usually won't adjust your salary until year-end and try and get it close to market. However, until then, you will have the same salary (and probably less because of taxes out in Cali) and be paying for your own move. If you know there's a strong resource need for your skill set and job openings for your level in the Bay Area, you might also be able to apply internally to switch regions. I would try and get connected with peers or leaders at your firm in the area you want to relocate too and see what projects are going on. Try and get staffed on them so you almost have the best of both worlds (you can live in the Bay Area m-th/f with your expenses taken care of and still be in Chicago). Potentially could see a business case to transfer depending on length of the project. You could also apply to another consulting firm in the Bay Area instead and potentially get re-lo as well as an adjusted salary for the Bay Area market. Good luck!
Reset expectations. Always have loved SV/SF. But that doesn’t offset the $1200/sqft for shacks in the valley that cause my wife cry even thinking about. So either you need to reset living expectations, give up on saving for kids college and retirement, commute 3 hours per day, or find a new job. Good luck!!
No problem @OP. I've moved a few times with KPMG (all voluntary) for personal reasons. My firm never gave me a hard time about it and was extremely supportive. I had to pay re-lo myself, but had they gone a different direction, would have looked elsewhere immediately. You gotta do what's right for you. I would caution to be strategic about it; if you are at the time of goal-setting, it would be a perfect time to talk to your performance manager about your goals, but not something I'd start telling everyone about at this point. If you have a mentor at your firm, I would also mention that to him/her and get feedback. SF/Bay Area is a very appealing place for a lot of young people, but if you are thinking of settling down soon (home ownership), i would strongly re-consider the move. But again, you gotta do what is right for you.
What practice are u in?
Thanks for the response KPMG1! Will try some or all of the options you suggested
I moved from Dallas to SF. They didn't adjust my salary. But I'm so much happier.
OP they won't adjust your salary since entry level salaries are consistent across the board (except for Federal vs Commercial campus advanced degree hiring). Even then if you switched Fed to Commercial it would take a few years for your salary to adjust (or at least in the experience of my friends who have made this switch).
S2 - can u elaborate little more on how you feel about your move from Dallas to SF? Any specific examples.