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Friday, February 17, 2023

If the CTC is 75 LPA, what is the in-hand salary?

Edit- Request everyone to scroll to the end and see infosys publications without fail, to get an idea of roles and positions paying more than 1 crore salaries in 2022

Here is the calculation for the same. Rs.364078 is the highest possible amount that can be credited to your account as monthly salary

> assuming that you live in metro and pay 60k rent per month

>assumed that you will get 40% of variable pay on an average basis.Even if you are company ceo, you cannot ensure that 100% variable pay is received. So 60% of variable pay will never be paid by the company.

>No housing loan assumed in this example. But all other exemptions and deductions are used upto a maximum of 8.85 lakhs

In the end of the answer , let me repeat once again that in years 2023, 2024 onward these are all lower middle class salaries. Please scroll down to see banglore and hyderabad salaries for 10 year experienced guys.


 


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