What is fixed component in CTC?

Base Salary, popularly known as In-hand salary is the main part of your entire CTC. It is the fixed component and is the money that you get every month in your bank account. The actual money that you get is generally much lower than the actual monthly base salary.

How is fixed pay calculated in CTC?

The CTC typically includes fixed heads such as basic pay (which ranges around 40-50\% of the CTC), home rent allowance (which ranges around 40-50\% of the basic salary), employees’ provident fund (EPF), gratuity, other reimbursements such as car fuel and mobile bills etc., and variable components such as annual bonus and …

What is the variable pay in Accenture for CTC?

Accenture has increased their variable pay percentage recently, till Application development senior analyst it is 21\% and from Team lead position it is 27\%. Yes variable pay is there. It will be 12 to 15\% of your fixed ctc. If fixed is 600000,then variable may vary between 72k to 90k annually.

How much LPA should I expect when I switch companies?

Considering you are at 3.5 lpa and you switch every 3 years. Here is my analysis. 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.

Why is the greater than symbol above the letter T in Accenture?

Accenture, with a forward looking logo of > above the letter T showcases that you should Try for an increment as well as a better variable pay. So, now you know why the greater than symbol is above the letter T.

What is the salary of Accenture in India?

Accenture is one of the preferred MNC in college campus. It goes to many engineering colleges Local Variable Bonus (LVB) earning potential (at maximum 8.5\%) – 24,677 Maximum Annual Total Earning Potential (A+B) – 315,000 Your annual fixed compensation is INR 290,323.