How Much Will Be In Hand Salary Of IBM - CiteHR
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...
Dear Renuka,

It is very simple, whatever are the emoluments/perks shown in ur offer letter divide them by 12.

U will have monthly Salary of Rs. 44517 (242821+ 291385 = 534206/12), as shown by Mr. S K Bandyopadhyay).

Only monthly PF (employee contribution) Rs. 2428/-will be deducted from that & u will get Rs. 42089/-.

The Gratuity shown in ur Offer will be due only if u work for 5 years in the company,

if u left before that IBM, may be, not going to pay u anything agst Gratuity.

U can save TDS (Tax deduction) after submitting relevent proof agst

1 HRA (50% of Basic/Actual HRA paid/Actual HRA paid-10% of Basic), (whichever is less)

2 Medical Exemption/Allowance (15000),

3 Investment Savings (under 80C, upto Rs. 1.50 L)

4 Conveyance Allowance Rs. 19200/- (No proof required)

5 LTA Exemption

There could be other Tax Exemptions / Benefits as well.

But all the above depends if u get the things adjusted in ur Salary Structure properly.

IBM, being so reputed co., shud have some in built provisions in the accounting/salary process.

IBM shud clear u the thing time of offering you the letter.

As suggested by the fellow member & experts, lastly u consult the matter with ur HR dept.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™