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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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Yes
Pro
Welp. I thought I was underpaid myself. And this confirms it.
Thanks everyone!
Recently promoted tax S1 at $81K in rural Ohio…can’t get much lower COL so yeah you’re getting ripped off
Patiently wait until your boss finishes his complaint and then shake your head and be like “see? This is why I’m leaving”
85K first year Senior in LCOL
Cap…I’m in a MCOL first year senior in AWM and make 86k
I did get early promoted to senior by a year, not sure if that makes a difference
Chief
That makes a difference, I retract my previous comment. You're on track.
Im a third year senior, Midwest, LCOL. Was also early prometed to senior, so have been with the firm for 4.5 years. $81,700 base so on par with you.
For LCOL, you don't seem underpaid.
You can check this and fill out the (anonymous) form if you’d like: https://www.big4transparency.com
I just moved. 3rd yr tax senior. Lower col than I was, but I know it's not the lowest. Dropped to 80k. Was at 94k in a mcol
Pro
On par. Also LCOL tax supervisor (3rd senior).
YIKES 😬
What's the starting base salary for new college grads in your area? Assume $48k. Add 10% for each year of experience. If you have 5 years experience then take 48k x 1.1 x 1.1 x 1.1 x 1.1 x 1.1. This brings you to 77.3k. you're paid more than this so I wouldn't say you're underpaid. Of course other factors can justify why this number should be adjusted, but this is the average that I would expect for a tax accountant. You're within the appropriate range.
Rising Star
Well I work 100% remote for a firm based out of LA so I get paid LA wages and we have employees that work remote all across the country so my job is available to anyone in the US. The question OP is asking is if his salary is below market given his position and experience, the answer is yes. I am involved with recruiting and know the offers we give out. If he hasn’t left his firm and his firm didn’t do market adjustments, he is underpaid. Regardless of what you or I think, the OP just wants to know how much money he’s leaving on the table by staying given todays hot market for qualified tax professionals.
About 10 to 15K
Yes - I’m an A3 at 85k, HCOL
There's a big gap between HCOL and LCOL, Sometimes a 100% difference. E.g. NYC versus Cedar Rapids is 113% COL difference.
I make that exact amount as a HCOL A3 so id say underpaid
Pro
Underpaid.
First year audit senior 97k MCOL area
Pro
I wasn’t even making that as an M2 in MCOL.
Don’t think you’re underpaid. Seems about right to me. I was in LCOL in the 90-115 range as a manager.
Pro
That’s because you were underpaid.