Please dont do that kind of mistake. They are cheating you i think for the company profit. Am CEO of the construciton company please beware of that
From India, Madras
Acknowledge(0)
Amend(0)
From India, Madras
Acknowledge(0)Amend(0)
Hi!
As per the details given to me, your offered CTC is correct because they have informed you about a 25% hike in the present CTC only, not in take-home or any other part. I think they would have asked for your CTC, and you would have replied that your CTC is 6.63 L. So, they have decided to offer a 25% hike in your CTC.
Also, your present CTC that you have mentioned is not ideal. Check out your benefits like Bonus and Gratuity, which are not mentioned.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
As per the details given to me, your offered CTC is correct because they have informed you about a 25% hike in the present CTC only, not in take-home or any other part. I think they would have asked for your CTC, and you would have replied that your CTC is 6.63 L. So, they have decided to offer a 25% hike in your CTC.
Also, your present CTC that you have mentioned is not ideal. Check out your benefits like Bonus and Gratuity, which are not mentioned.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
Hi!
Thanks for your reply. I have given them the total breakup of my present salary during my interview. My present company doesn't offer bonus and gratuity to any of the employees. If I join with less basic, will it affect my next job change? Please suggest.
With Thanks & Regards,
Apeksha
From India, Gurgaon
Acknowledge(0)Amend(0)
3Thanks for your reply. I have given them the total breakup of my present salary during my interview. My present company doesn't offer bonus and gratuity to any of the employees. If I join with less basic, will it affect my next job change? Please suggest.
With Thanks & Regards,
Apeksha
From India, Gurgaon
Acknowledge(0)Amend(0)
Apeksha
Bonus to be paid under the Payment of Bonus Act, 1965, is to be calculated as follows:
1. It depends on the percentage that your company chooses to give as a bonus to its employees. The minimum bonus is 8.33% of the basic salary earned during the accounting year, and the maximum is 20% under the Payment of Bonus Act, 1965.
2. If you have completed five years of service without a break, you will be eligible for gratuity.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
Bonus to be paid under the Payment of Bonus Act, 1965, is to be calculated as follows:
1. It depends on the percentage that your company chooses to give as a bonus to its employees. The minimum bonus is 8.33% of the basic salary earned during the accounting year, and the maximum is 20% under the Payment of Bonus Act, 1965.
2. If you have completed five years of service without a break, you will be eligible for gratuity.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
Dear Apekhya,
You are absolutely right - "If I'll join with less basic, will it affect my next job change? Please suggest."
I have examined the CTC components; the Take Home may appear slightly higher, but when you consider the PF, then there is hardly any difference. Others have also pointed out correctly that many of these allowances are conditional. In fact, looking at the salary structure, it is evident that your present company is better and fairer in dealing with employees. I would not advise a change/relocation. Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
You are absolutely right - "If I'll join with less basic, will it affect my next job change? Please suggest."
I have examined the CTC components; the Take Home may appear slightly higher, but when you consider the PF, then there is hardly any difference. Others have also pointed out correctly that many of these allowances are conditional. In fact, looking at the salary structure, it is evident that your present company is better and fairer in dealing with employees. I would not advise a change/relocation. Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
Dear Raj Kumar Hansdah,
You are absolutely wrong because did you think about that the present CTC does not include bonus, gratuity, and Special Allowances. It is legally payable, but it is not paid in the present company.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
You are absolutely wrong because did you think about that the present CTC does not include bonus, gratuity, and Special Allowances. It is legally payable, but it is not paid in the present company.
Regards,
Sathasivam
HR Manager
From India, Karur
Acknowledge(0)Amend(0)
Based on my experience as an employer, I would like to minimize the basic salary because the higher the basic salary, the more the PF contribution for the employer, and the same holds true for the employee, resulting in a lower take-home salary. If the CTC is higher, you will receive more benefits as fringe or non-monetary benefits, etc.
In our sector, salaries are lower compared to other sectors, but we receive more non-monetary benefits. I hope you understand.
From India, Bhubaneswar
Acknowledge(0)Amend(0)
In our sector, salaries are lower compared to other sectors, but we receive more non-monetary benefits. I hope you understand.
From India, Bhubaneswar
Acknowledge(0)Amend(0)
Dear Csatha,
Thanks for your opinion and for pointing out that I am "absolutely wrong." However, I wish to differ with your opinion. Dear friend, my suggestion was not based solely on simple arithmetic on CTC; one needs to analyze and go beyond the figures presented.
If a company provides less basic pay and more in terms of allowances, that indicates a tendency to avoid various legal dues and taxes, as they are typically calculated based on basic pay. Just as employers are cautious of candidates who frequently change jobs, one should be wary of companies that engage in such practices.
Moreover, the present company appears to be more credible as they have not included bonus and gratuity in the CTC. Consider how much her present CTC could have been inflated if her current company had included these figures.
- Notice how the reduction in basic pay has decreased Provident Fund contributions, which serve as lifelong social security.
- Special Allowance is still an allowance, hence conditional.
- Gratuity is also "conditional" and is not paid every month.
- Performance Bonus is variable and the calculation basis may change monthly.
- If we remove all these hypothetical amounts, what remains?
Furthermore, what does it say about a company that flaunts these imaginary figures to attract candidates?
Additionally, her present company may be providing her with incentives or ex-gratia in lieu of a bonus, as she may not be eligible for a bonus as per the Payment of Bonus Act, 1965.
You do not have to agree with my views, as they are directed towards the individual who initiated this discussion. I encourage you to present your own views for the benefit of the group member, rather than reacting negatively to others' opinions, as this could lead to unnecessary arguments. I mention this with respect for your superior expertise and experience.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
Thanks for your opinion and for pointing out that I am "absolutely wrong." However, I wish to differ with your opinion. Dear friend, my suggestion was not based solely on simple arithmetic on CTC; one needs to analyze and go beyond the figures presented.
If a company provides less basic pay and more in terms of allowances, that indicates a tendency to avoid various legal dues and taxes, as they are typically calculated based on basic pay. Just as employers are cautious of candidates who frequently change jobs, one should be wary of companies that engage in such practices.
Moreover, the present company appears to be more credible as they have not included bonus and gratuity in the CTC. Consider how much her present CTC could have been inflated if her current company had included these figures.
- Notice how the reduction in basic pay has decreased Provident Fund contributions, which serve as lifelong social security.
- Special Allowance is still an allowance, hence conditional.
- Gratuity is also "conditional" and is not paid every month.
- Performance Bonus is variable and the calculation basis may change monthly.
- If we remove all these hypothetical amounts, what remains?
Furthermore, what does it say about a company that flaunts these imaginary figures to attract candidates?
Additionally, her present company may be providing her with incentives or ex-gratia in lieu of a bonus, as she may not be eligible for a bonus as per the Payment of Bonus Act, 1965.
You do not have to agree with my views, as they are directed towards the individual who initiated this discussion. I encourage you to present your own views for the benefit of the group member, rather than reacting negatively to others' opinions, as this could lead to unnecessary arguments. I mention this with respect for your superior expertise and experience.
Warm regards.
From India, Delhi
Acknowledge(0)Amend(0)
Dear All,
Thank you for giving your valuable suggestions. As my present company is a new company in India and it started its operations in India just 2 years ago, they do not provide any gratuity or bonus. I am also not convinced to join for a lower basic salary. When I think about bonuses, it is a variable factor with no guaranteed value. If I deduct the total bonus amount, the offered CTC amount will be equal to what I would receive after appraisal. I will speak with the HR of that organization.
Anyways, thanks a lot to everyone. Have a nice day!
With Thanks & Regards,
Apeksha
From India, Gurgaon
Acknowledge(0)Amend(0)
Thank you for giving your valuable suggestions. As my present company is a new company in India and it started its operations in India just 2 years ago, they do not provide any gratuity or bonus. I am also not convinced to join for a lower basic salary. When I think about bonuses, it is a variable factor with no guaranteed value. If I deduct the total bonus amount, the offered CTC amount will be equal to what I would receive after appraisal. I will speak with the HR of that organization.
Anyways, thanks a lot to everyone. Have a nice day!
With Thanks & Regards,
Apeksha
From India, Gurgaon
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.