๐๐๐ง ๐๐ฟ๐ฎ๐ฑ ๐๐ ๐ฝ๐ผ๐๐ฒ๐ ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐ ๐ข๐ณ ๐๐ง๐
An IIT Roorkee graduate shared a harsh lesson about salary packages.
He received an offer letter for 25 LPA. He expected a large monthly income. Instead, his first paycheck was only 1.45 lakh rupees.
He thought the bank made a mistake. He soon learned the truth.
The gap between CTC and take-home pay is often large. Many companies use high CTC numbers to attract talent. These numbers include many hidden costs.
Common reasons for low take-home pay:
- Retirals like PF and gratuity.
- Variable pay based on performance.
- One-time joining bonuses.
- Tax deductions and insurance.
Do not look only at the CTC number. Always ask for the monthly take-home amount before you sign a contract.
Understand the breakup of your salary. Know what you will receive in your bank account every month.
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