Recently, I got a job in a company. They are providing me $20,000 on joining, $25,000 after 6 months, and $30,000 after 1 year. Will my salary be taxable, and what should my salary breakup contain? What should I do if the company denies the salary promised to me earlier?
From India, Kharagpur
Acknowledge(0)
Amend(0)
From India, Kharagpur
Acknowledge(0)Amend(0)
Best of luck with the new job. As you mentioned that currently you will receive Rs. 20K, yes, it is taxable. However, the amount of tax will depend on your salary break-up and investments as well.
Regarding the salary break-up, no one can tell you exactly what it will be, as it is finalized by the organization according to their rules.
Salary Promises and Hikes
When it comes to salary promises, I should not say, but I would still like to give you a hint that there is no organization that gives their employees such a hike within one year. I may be wrong, but based on my experience, it might not be possible. However, it does depend on your work profile and performance. Therefore, I suggest that when they finalize everything, you should ask them to mention this salary hike on your interview proforma and ensure it is written in pen, not pencil.
I hope this advice helps you, and best of luck once more. Cheers.
From India, Delhi
Acknowledge(1)
Amend(0)
163Regarding the salary break-up, no one can tell you exactly what it will be, as it is finalized by the organization according to their rules.
Salary Promises and Hikes
When it comes to salary promises, I should not say, but I would still like to give you a hint that there is no organization that gives their employees such a hike within one year. I may be wrong, but based on my experience, it might not be possible. However, it does depend on your work profile and performance. Therefore, I suggest that when they finalize everything, you should ask them to mention this salary hike on your interview proforma and ensure it is written in pen, not pencil.
I hope this advice helps you, and best of luck once more. Cheers.
From India, Delhi
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary Negotiation.pdf