How is Inhand salary calculated in Wipro?

What is the formula for salary calculation?

1. Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. Tax.
2. Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.
3. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No. of Years of Service.

What is salary structure in Wipro?

Wipro Jobs by Salary

What would the in-hand salary be for CTC of RS16 LPA at Wipro?

So your annual post tax on-hand salary would be about Rs.12,73,600 or about 1,06,833 per month. What would the in-hand salary be for a CTC of Rs.16 LPA at Wipro? It will be in the region of Rs.1,05,000/- on an average, as take home, every month After deductions like provident fund, gratuity, medical, professional tax and income tax.

What is the in-hand salary of an engineer at Wipro?

The in-hand salary at WIPRO depends on the engineering college you are from . If you are from Tier 1 colleges like IITs or top NITs, their salary is about 52000 per month. If you are from Tier 2 or lower and mid ranked NITs and other colleges like BITS Pilani, Manipal etc., your salary in-hand is 36k per month.

How can I save income tax while working in Wipro?

If you would like to save income tax, you would be required to make investments on insurance policy / PPF / VPF, or other such avenues, but eventually that will also bring down the ne What will be my in-hand salary in Wipro of the Rs.11 LPA package?

What is the difference between fixed and variable salary in Wipro?

Fixed, it means the amount will change after your salary hike. And in-hand salary whatever they mention as “Fixed Cash”. Variable, it’s all incentive which is based on your work performance. What is the CTC salary structure like for a fresher in Wipro?