Lpa: Fill & Download for Free

Now here is my story : I started with TCS as 3.25 LPA in 2014 October.Oct 2015 : 3.58 LPA.Oct 2016: 4.2 LPAFeb 2018 : 4.5 LPAThen I switched to CTS .May 2018: 7.5 LPASwitched to AccentureFeb 2019 : 10.64 LPADec 2020: Appraisal hike 12.1 LPAI have cleared one interview and resigned from Accenture. I am serving notice period, already got 16 LPA and getting more calls from other companies, They are ready to give 18 LPA.Now If I had not switched from TCS, then how would have my story? See now.Till Feb 2018 my CTC was 4.5 LPA in TCS.March 2019 : With a promotion, which is default for 4.5 years of associate. They increases 70 k and CTC is 5.2 LPA.March 2020 : Appraisal hike 6% CTC 5.56LPAMarch 2021 : Appraisal hike 6% CTC 6 LPAMarch 2022 : Appraisal hike 6% CTC 6.5 LPAOct 2022: Expecting promotion with 15% hike max, 7.5 LPA. Now you can imagine how and when you will reach to 12 LPA by staying in a single company.Please note, I am not encouraging you to switch. It's individual needs and circumstances. If you feel good and getting proper credit, you can stay in same company.

This is the latest tactic many companies have started playing. I noticed this thing for the first time when I thought of applying at MuSigma in 2019 since the CTC they were offering was 21 LPA, quite lucrative for someone like me who had six months of experience in the IT field. But it was only later that I got to know the real meaning behind this 21 LPA. This 21 LPA was ‘spread over’ 3 years.To understand this ‘spread over’ concept, you need to understand what CTC is, first. CTC refers to the cost that the company is bearing to employ you, which is not necessarily the payment you will receive. If MuSigma is offering 21 LPA spread over 3 years, it means the total cost borne by them to employ someone would amount to 21 lakh rupees in 3 years! Hence the gross CTC falls down to Rs 7 lakh per year, instead of 21.Later on, I checked that they would be paying 5 LPA in the first year, 7 LPA in the second year, and 9 LPA in the third year, which totals to 21 lakh rupees over the duration of 3 years.This is the same thing that DeltaX is doing by offering you 8 lakh rupees over a course of two years. Your effective gross CTC will be 4 LPA. And with that figure, you may expect around 26,000–27,000 after deductions in-hand on a monthly basis. This spread over thing is a trick played by many employers to fool the candidates by inflating their CTC.

Yes that’s true !Microsoft pays 45 LPA to the freshers from NIT or IIT!So now you guys will take your calculator and check that 45 lakhs / 12 months = 3.75 lakhs per month!3.75 lakh per month is true according to the calculation but the in-hand salary one gets with 45 LPA salary with all the deductions like PF/TAX etc is only 80 - 90 k per month (And few people get less than that too)!Shocked?I am sorry but that’s the reality!So here we go with the reality check, the total of 45 lakhs per annum is divided into the following way.Base salary = ₹ 12,00,000 or 13 lakhs !Yearly Bonus = ₹ 1,20,000.Joining bonus is a one-time payment, which is not part of CTC.Stocks - ₹ 22,00,000 over 4 years. It is something we cannot include this as part of CTC, stating that you will get stocks worth ₹ 22,00,000 every year! So this would be around ₹ 5,50,000 per year.So the actual CTC is close to 18 LPA but not 45 LPA!Not only Microsoft, but the majority of product-based software companies also use this tactic and boost their CTC to 30,40 and 50 lakhs!So don’t think if a person is from IIT/NIT getting a package of 40 above lakhs is rich, in fact, you can never become rich if you are in a job!Few real-life examples I had:One of my friends is an IITian who works for Microsoft getting a salary of 90kOne of my other school friends is a Bcom graduate, now working in sales and earning around 80k per month.one of my cousins who failed 12th class, owns a supermarket and now he is earning around 1 lakh per month!So whenever you see something like 40 lakhs,50 lakhs package in newspapers and media, don’t panic, don’t get nervous. Do some hard work, follow your passion, you can also achieve that salary!Images source: Google !