Learn to decode your CTC and negotiate better pay
CTC consists of all payments and benefits, fixed and variable, that you are entitled to
It is advisable to negotiate for a higher take-home salary and a lower variable portion when you are starting out
Bengaluru-based Shreyansh Shukla, 25, was barely out of college when he got his first job offer in 2014. The cost to company (CTC) quoted in the offer letter, which he received during campus placements in the final year of his engineering course, heartened him. Like most first-time employees, he started making plans around the new monthly budget he expected to have against the student budget he was on at that time. Little did he realize then that his take-home salary would be much lower than the CTC figure. “It was only after I received my second month’s salary did I realize that my take-home salary isn’t inclusive of the variable components and a lot depends on various deductions and declarations that I need to make for the fiscal year," said Shukla, a software engineer.