I am a young software engineer in India, I was told that my annual CTC would be 700000(annual CTC) + 50000(joining bonus)

Basic Salary: 23333 per month

Flexible Benefit Plan:372932 annually

Retirals: 47000 annually

Provident Fund: 12%

Gratuity: 4%

They mentioned in offer letter that they will be offering restricted stock units of 142000 on grant date.

The details of Flexible Benefit Plan are:

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  • 1
    Create a web page that can help one figure out Indian salaries based on income.
    – Pete B.
    Aug 18, 2016 at 18:11
  • 1
    @PeteB. Every word of that was in English and I have no idea what the details of the question mean. All of the lingo, and the concepts are completely different. I thought it was bad between US and UK.
    – Xalorous
    Aug 18, 2016 at 22:56

1 Answer 1


If you are not taking any of the options in the Flexible Benefit Plan, then everything is taxable. Check about "Retirals", the practise differs from organization to organization. Some pay it out annually and some only pay on completion of certain duration on exit.

So Deduct 47K from 7 lacs. Gross of around 653,000. Total tax for this around 53,000. After tax yearly around 600,000. Individual contribution to PF@ 12% of basic around 33,600. Net Yearly around 567,225. So net take home would be around 47,268.

You can easily take items 3,6,7,8 around 62,400. Thus you will save tax of around 13,000. So take home will increase 1,080.

  • My hr manager said it would be 45000+ , but did not mention the exact figure.
    – Sumeet
    Aug 19, 2016 at 10:23

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