Sr. Manager Hr/admin
+2 Others

PRIME SPONSOR - FACTOHR - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
My Current CTC is 3.15 pa. my basic pay as per the current CTC is Rs.9614.00
I have got a new offer and new CTC offered to me is 4.13pa but my basic pay has been reduced from Rs.9614 to Rs.6000
Pls guide me ASAP shall I go ahead with the new CTC and also pls guide for will this impact me in future in terms of my CTC or basic pay.
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Hi How is it possible. On 4.13 CTC basis is just 6000/- Basic should be around 50% on the gross. Can you tell what is the gross pay? What are the other components and contributions on your CTC?
You never accept this offer in case basic less than previous employer.basic salary is the long term benefit for any person.ask them to keep same basic and match to 4.13 ctc .
Generally all companies make employer fool the employee. Considering the hike person get attracted,with out having much knowledge in basic pay and its role in terms of long term benefits one will become the looser.
In case you feel to join for short time stay in the new company, you may accept.but certainly i do not suggest you for long term stay.
Do they have DA?If Baisc plus DA is around 30% to 35% of your CTC, it is perfectly ok. Give complete details You can check on the following thumb rule calculation
1. Basic plus DA 35% of CTc
2. Monthly Allowwances 30% of CTC
3. Annual allowances like LTA 5% of CTC
4. Performance Pay 20% of CTC
5. Social Security like PF Medical Gratuity etc 10% of CTC
If the percentages are are more or less same then it is a good offer
Hii All,
Thanks for reply.
Currently they offered 4.25 pa
Salary components are given below.Pls chek and suggest wat should i do.
Components Annual Monthly
Basic 73,200 6,100
HRA 36,600 3,050
Personal Allowance 207,795 17,316
Conveyance Allowance 9,600 800
Medical Reimbursement 8,400 700
Food Coupons 30,000 2,500
LTA 6,100 508
Gross Total 371,695 30,975
Annual Components
HIS 3,800
PF 8,784 732
Gratuity 3,521 293
Total 16,105 1,025
Fix Pay 387,800 32,000
Performance Pay
Monthly VA(Annualised) 30,130 2,511
Quarterly VA (Annualised) 7,070
Total Annual Performance Pay 37,200 2,511
Total CTC 425,000
Pls reply asap.
Normally basic is kept at lower level to reduce the statutory liabilities to the company, since almost all the statutory requirements are based on basic and DA only.
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™