CTC to In-Hand CheatSheet
Seems a valid calculation to me.
You can refer to it probably next time when you are discussing pay or pay raise.
The og author has calculated like this: 'This is almost the best-case scenario without the variable component.
12% PF deduction and 50% basic salary is considered for calculation.'
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Can you provide the same for 15cr, just wanted to check if I am negotiating right. Provided an offer of 14cr, need to check the difference if I ask for 15cr 😎
Goli beta.. Masti nahi..
Here my bro thinking thinking about 15cr , aaur yaha job nhi mil rhi .life is tough
I usually do:
(Total Comp - (Employers PF + NPS contribution + Gratuity - RSUs)) x 0.061 = In hand Salary per month
Note:
Works fine for 30% tax slab salaries and above
You can adjust 0.061 (if it's on the higher end) to 0.065 (if you are making about 15L after all the deductions as calculated above)
Seems like a legit formula.
Thank you for sharing this.
People will copy paste every fucking thing. Been seeing this in LinkedIn. Not 100% accurate
I haven't claimed or intended to claim it is an original post.
I got it in one of the messenger apps based forums for professionals.
For my salary range I found it to be accurate.
And from the comments many other people also seem to find it accurate.
So while it may not be 100% accurate, it doesn't mean it's absolutely inaccurate too.