Dear Sir/Madam,
I am receiving my salary in two components: one reflecting in my paycheck and the other in the form of cash. The issue is that this second component, received in cash, is not mentioned anywhere in my offer letter. This amount is designated as welfare and education allowance, although it is not specified in any documentation. When I requested proof from the company, it was denied. How should I address this when negotiating my salary with a new company?
Regards,
Raja
From India, Delhi
I am receiving my salary in two components: one reflecting in my paycheck and the other in the form of cash. The issue is that this second component, received in cash, is not mentioned anywhere in my offer letter. This amount is designated as welfare and education allowance, although it is not specified in any documentation. When I requested proof from the company, it was denied. How should I address this when negotiating my salary with a new company?
Regards,
Raja
From India, Delhi
You can always mention in your future company that I used to get X lacs + 25000 Rs Cash Allowance which is not written anywhere. You need to learn the skill to convince the HR of the future company while having a discussion about the pay structure. Many times, the company does agree upon putting this in a smart way.
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From India, Mumbai
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From India, Mumbai
Dear Madam, Thank you for your valuable suggestion but the thing is that what will happen if verification comes & the the company denies this information?
From India, Delhi
From India, Delhi
Can anyone please let me know a few pieces of information on this? My current company pays me a certain amount in cash as a second component but does not provide anything in writing. I have informed my future company about this during the interview. I also have doubts about whether my current company will provide this information at the time of verification. Please suggest how I can justify this fact. Does it make a big difference if I am unable to prove it? What could be the repercussions, as I am not misleading my future company?
Request for a prompt response.
From India, Delhi
Request for a prompt response.
From India, Delhi
Hello Raja,
While you can't produce any proof for the payments of the cash component of the salary, you surely would have this aspect mentioned clearly in the Salary Breakup in the Offer/Appointment Letter when you joined. You can use it to prove that you did indeed receive cash payments.
Regards,
TS
From India, Hyderabad
While you can't produce any proof for the payments of the cash component of the salary, you surely would have this aspect mentioned clearly in the Salary Breakup in the Offer/Appointment Letter when you joined. You can use it to prove that you did indeed receive cash payments.
Regards,
TS
From India, Hyderabad
Dear Sateesh,
It is not mentioned in my salary slip. Also, I started receiving this amount after working two years in the company, but nothing is clearly stated in black and white.
My concern is what will happen if the current company denies this amount to the verification firm?
From India, Delhi
It is not mentioned in my salary slip. Also, I started receiving this amount after working two years in the company, but nothing is clearly stated in black and white.
My concern is what will happen if the current company denies this amount to the verification firm?
From India, Delhi
Hello Raja,
That's a chance one would always need to take with cash payments. When you mention your salary details during interviews, suggest mentioning clearly that the particular amount(s) are paid in cash. Also, mentally prepare the HR of the new company to hear any denial during BCs - some companies accept that the amounts were paid in cash while some don't - being cash payments, their HR/Accounts guys would hesitate to say anything like that on record. I have seen cases where amounts as much as 40% of the total CTC was in cash - even at senior levels. From your end, you surely need to be mentally prepared to take a hit [new salary based on PROVABLE existing CTC]... meaning being prepared for the worst-case scenario even while trying to work towards the best-case scenario. All the best.
Regards,
TS
From India, Hyderabad
That's a chance one would always need to take with cash payments. When you mention your salary details during interviews, suggest mentioning clearly that the particular amount(s) are paid in cash. Also, mentally prepare the HR of the new company to hear any denial during BCs - some companies accept that the amounts were paid in cash while some don't - being cash payments, their HR/Accounts guys would hesitate to say anything like that on record. I have seen cases where amounts as much as 40% of the total CTC was in cash - even at senior levels. From your end, you surely need to be mentally prepared to take a hit [new salary based on PROVABLE existing CTC]... meaning being prepared for the worst-case scenario even while trying to work towards the best-case scenario. All the best.
Regards,
TS
From India, Hyderabad
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