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Is 20LPA good in India?

Is 20LPA good in India?

20LPA is just the package offered by companies while there are many deductions which ultimately stands to 12–14LPA INR. Package of 20 lacs is becoming very normal now. Some people even get that as a starting salary. Just keep yourself updated, even 2 crores would become normal.

Is 2 LPA good for freshers?

Definitely you will be a fresher. For fresher 4.5LPA is very good package.

Is 10 LPA a good salary package for 5 years experience?

Now coming to >5 years 10 LPA is not good package. Well on this I would say – Again it is dependent on components in salary package. Based on these components, your take home salary is determined. For Ex: If some one has 4 LPA with 4 years of experience, Below are the general component calculated.

How is the take home salary of a LPA salary calculated?

Based on these components, your take home salary is determined. For Ex: If some one has 4 LPA with 4 years of experience, Below are the general component calculated. Gratuity – 5-8\% of Basic, given on 5 years completion or so. So check your components before joining rather just maintaining the equation of Package= 2 x Experience.

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How much LPA should I expect when I switch jobs?

You get 8\% hike each year so when you are ready to switch after 3 years you should be at around 4.5 lpa. Go for a hike of at least 50\% in the next company which is not impossible these days. So 7LPA. Again a grind of 3 years with average 7\% hike takes you to 8.2LPA. Then again a jump of 40\% and you will be in the range.

How to calculate gratuity for LPA with 4 years experience?

For Ex: If some one has 4 LPA with 4 years of experience, Below are the general component calculated. Gratuity – 5-8\% of Basic, given on 5 years completion or so. So check your components before joining rather just maintaining the equation of Package= 2 x Experience.