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
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From India, Kharagpur
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Dear Csrbh,
Best of luck for the new job. As you have mentioned that currently you will get Rs. 20K, yes, it is taxable. But the amount of tax will depend on your salary break-up and investments as well.
Regarding the salary break-up, no one can exactly tell you what it will be, as it is finalized by the organization as per their rules.
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
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163Best of luck for the new job. As you have mentioned that currently you will get Rs. 20K, yes, it is taxable. But the amount of tax will depend on your salary break-up and investments as well.
Regarding the salary break-up, no one can exactly tell you what it will be, as it is finalized by the organization as per their rules.
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
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