Hi Apekha,
1. Basic salary is the fixed part of the salary. Thus, if the basic is less, it has effects on other direct or indirect benefits/saving contributions (HRA, Bonus, PF, Medi claim, etc.).
2. Gratuity or mediclaim is a saving contribution of the company and is good for the employee. Each company has its policy, and an employee has to align with the same policy. So, if the company has a better policy, it's not wise to deny it. The company will not exempt one individual employee from their CTC structure.
3. Yes, it is possible and legally so. You can plan taxes and increase the take-home amount. By investing in tax-saving instruments under Section 80C, such as PPF, Equity Linked Saving Scheme (ELSS), etc., you can save taxes.
4. Yes.
5. Pros: You get an increase in some direct benefits (DA, Conveyance, Med, LTA, HRA) and receive some additional saving contribution benefits (Gratuity & SA) and performance incentives.
Cons: Basic salary being less affects all benefits.
In a word, your offer is good, and obviously, you can join.
Thanks,
Rubaet Bin Aziz
Bangladesh
From Bangladesh, Dhaka
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11. Basic salary is the fixed part of the salary. Thus, if the basic is less, it has effects on other direct or indirect benefits/saving contributions (HRA, Bonus, PF, Medi claim, etc.).
2. Gratuity or mediclaim is a saving contribution of the company and is good for the employee. Each company has its policy, and an employee has to align with the same policy. So, if the company has a better policy, it's not wise to deny it. The company will not exempt one individual employee from their CTC structure.
3. Yes, it is possible and legally so. You can plan taxes and increase the take-home amount. By investing in tax-saving instruments under Section 80C, such as PPF, Equity Linked Saving Scheme (ELSS), etc., you can save taxes.
4. Yes.
5. Pros: You get an increase in some direct benefits (DA, Conveyance, Med, LTA, HRA) and receive some additional saving contribution benefits (Gratuity & SA) and performance incentives.
Cons: Basic salary being less affects all benefits.
In a word, your offer is good, and obviously, you can join.
Thanks,
Rubaet Bin Aziz
Bangladesh
From Bangladesh, Dhaka
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