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Hello Fishers, need your help to finalize my decision.
I have 5 YOE and I have done a full-time MBA. I am currently working with one of the product organizations as a business analyst. TIAA offering 17 LPA Fixed (Including PF) against 1 counter offer I had of 15.6 LPA Fixed.
My CCTC is 9.35 LPA so should I ask for more here? Also, how are work culture and policies considering I will be part of the BA profile?
Tiaa global business services
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Chief
128k in hand... Without any extra tax savings...
Simple calc is..
Total income tax :: ( Package - 10 lac ) * 0.3 + 1 lac
In hand : ( Package - income tax ( from above) ) 0.88
This is for PF calculation which is 12% of basic.. basic is 50% of total... So PF is 6% of gross.. then 6+6 ( employee + employer ) to get 12% deduction as PF ..
As ler this calculation, I am getting a close figure in my case till the package - 10lac formula.
0.88 multiplication is making it very less.
Close to 1.65 or lil less ( 1.83- 11k PF- monthly tax forecast)
Tax in new regime will be much more right?
Is it for Amazon?
Which company is it
146k in hand
Without tax redemption?
I have a similar comp, and using the new regime. The in hand for you will be ~130k
Thanks