The Truth About ₹1 CRORE SALARY Package | CTC vs In-hand Explained
Vložit
- čas přidán 10. 09. 2024
- 📌Learn how to edit videos like AevyTV, attend a FREE editing masterclass: class.aevytv.c...
Do companies inflate salaries? What strategies do companies use to show higher packages? Are ESOPs a scam? Do you know what components are helpful for you and what not? In this video, we break down all things salary from an employee perspective and an employer perspective. Whether you're a fresh graduate or a seasoned professional, this video will help you to make informed career decisions and take control of your financial future. Don't miss the opportunity to demystify compensation jargon and optimize your income. Watch now and confidently navigate salary discussions to reach your goals!
📌Follow us on Instagram here: / aevytvdaily
/ aevyvideoschool
/ achinamayya
This channel's content is so elite and rich whether its your small skits, scripts, presentation , editing, diverse library .its great and i m a sucker for channels like this
yes, its proper time waste..
Indeed
Employees should be aware that the Cost to Company (CTC) is not the amount they will take home. It’s important to ask for the gross salary instead, and not be misled by a higher CTC. Companies can include various costs, such as air conditioning bills, within the CTC, which do not reflect your actual earnings.”
100%!!!
Tell this to the Indian parents who take those numbers literally.
@@anshuraj5734 Also to non-IT wives
@@anshuraj5734 Why should anyone care about what parents think about salary unless child is depends on them even after have a job
@@BondJFK because they see something like 'An IIT guy got a package of 80 LPA in US' and they go gaga over it, thereby forcing there kids into the same old JEE rat race.
I WAS LITERALLY LEARNING ABOUT THIS TOPIC YESTERDAY AND TODAAYYY ONLY YOU GUYSSS!!
Its not miracle its just there algorithm
ok u guys are killing it now. Video team is in full form.
Thank you 🥺
Guys the production quality is on another level ❤🔥🔥
We got a new cam xD WILL SHOW YOU SOON!!!
Is it an Iphone ?? @@aevytv
Yeah like vox
Thank you
Your Content is really of International level. The Quality, Editing is top notch.
🔥🔥
Thank you 🥺♥️♥️
I am 35 years old and still dont understand salary packages and breakdowns... Much needed thanks! 🙏
Skill issue 😂
The English used in this video is very easy understandable comparing to other videos... I would like this quality more. Awesome job❤
We will keep this in mind Sayan :)
@@aevytv yeah you're only english creators where I don't need to turn on captions to understand the context
Go and watch Edureka 😂
As a Chartered Accountant I'm glad to see how u describe the Tax exemption components also..... Good work.... Keep it up.. ❤❤
My CTC = base pay, I work for a service based remote US company. I didn't go to Amazon for the same reason as shared in video
INTRESTING
I am sure amazon still pays more. My friend working for amazon pays 21lakh tax at 2yoe freh out of college. Actual salary = fixed + stocks/yr= 55-60lpa for 2yoe people. This video is biased.
what platform did you use to hunt such job?
@@dibyanshumishra3536 I can assure you that either he is not telling you the truth or he has other sources of incomes he is paying tax for, ask for his 21AS form if he is open about sharing that info.
if you can share details it will be really helpful for others
Thanks a lot Achina for a detailed outline and keypoints to discuss !! Aevy, you guys are killin' it ! Loving to be a part since initial 40k days !!
Well I went to my college and saw them printing out the CTC posters of 20 LPA +. For a mid toer college, this was quote the achievement, specially considering 2 years back the hoghest oackage anyone could get was at 13 LPA. Then we spoke to the people who actually landed these packages.
One org had already added their medical inaurance cover as oart of the CTC, alongwith a bunch of items which took away from the salary.
As an HR, I feel exposed! 😅
It should be illegal
It's business
Yea
You know if every valuable employees start to demand this, companies will change this. But one thing you cant change is taxes
That's how the game is played my friend
Income tax kitna hga phir 1 cr ka annual income show karoge to ....
there was a dark messege conveyed with ease at the end🗿🗿
I think this is something most of us need to be aware of . Thankyou very much for breaking it down
Damn we have similar pfps
Well it's hurt when she said "you have never experienced it"
Changing the thumbnail actually works. I saw this video 3 times with different thumbnails and i clicked on it atlast.
I COULD PROUDLY SAY, 100% OF THE STUDENTS GETTING PLACED FROM OUR COLLEGE ARE ENJOYING TAX FREE INCOME!!
PapaOcus played the secretary quite well 😂, excellent video.
I saw the video in my recommendation uploaded 1 minute ago, 27 views, but after I clicked, it shows 210 views
Happens, every moment PPL are clicking and yt can't update it instantly.
bro discovered dynamic content
Jadoo
CTC🗿
in hand 🤡
RIGHT?😂😂
It's great how easily Tax is explained
#AevyIsAVibe
few corrections - Special allowance is taxable, you dont pay flat 30% on 15 lacs, you pay tax slab by slab
DO NOT go for car lease unless you are sure to complete your full tenure with the company during the lease period. If you are fired then you would have to pay up the balance of the lease period.
Thank you so much for this knowledge. As a part of young workforce, we really need to understand all these jargons HRs play around with !
Damn!!! Production keeps on improving with every new video 🤯
Excellent video as usual. One correction that 9/10 startups fail.
My bad that’s what I meant to say!!!
You Nailed it ! Excellent Content !
Indian parents are smart, that's why they are obsessed with Govt. Job😅
If you exist with this mentality, then you'll soon be non-existential
That’s outright dumb
Only 1% will get govt jobs what about the rest?
Don't bash him for his opinions, Guys.
In corporate world we need to invest good amount for good package even learning certain skills...
But in preparation of govt. jobs it's less if compared. I hope everyone understands that
To Tu konsa existence me rehke Jhanda gaad raha hai? @@aaronshobby5296
That's a bit over exaggarated in your video. Inflated CTC is true. But 4 lpa instead of 55 is really bad joke.
It was a jokeee!!
It was just a slapstick joke to poke fun out of the harsh reality. Surprised that people don’t get the sarcasm.
Thanks, I accept and love jokes. But when they are used in a knowledge eminating video may be over exaggaration can be in little check and i love your videos. keem em coming.
Im only 16 years old and by knowing this at early age it gives me a cleanser look over choices and emotions. while getting excited for greater CTC i clearly follow the intellect and emotion based upon the knowledge. Glad i found this.
Mutual feelings buddy
Understanding the difference between CTC and take-home pay is crucial for job seekers navigating salary negotiations. It ensures they can assess offers accurately and negotiate fair compensation based on their skills and experience. 💡
The Income slabs mentioned in the video around 9:00 are under the new tax scheme u/s 115BAC, which to my knowledge disallows the deduction of many allowance including HRA. The aforesaid can be claimed under the old tax regime which must be opted in by the assessee which has different income slabs ofcourse.
This video is one of the reasons that I love youtube🔥
I just turned 18 this year, heading into college and your content and delivery is literally on the next level! Straight 11/10 🔥🔥❤️
Same
U r litreally providing so much nice info....to general public....coz all of this is what i am learning right now in CA course...which i wouldn't have known if i didnt pursued ca....so u r giving us the info....which litreally a course is teaching us....❤
Recently my friend who is a fresher got a offer from an MNC of Rs.36 lacs and accepted. What he got was Fixed salary of Rs.12, Variable Rs.2 and Rs.22 lacs stocks valued at the current market price with a lock-in period of 3 years. In the stock front he will get back the full money only if the shares maintain an appreciation in the next 3 years.
Thank you so much for such detailed and well structured video.
It was badly needed 🙏🏻
Aevy Team Rocks🗿
I work in Mahindra, what they offer you is exactly what comes in your hand!
ur skits are just too good
So glad you liked them!!!
The skits in the beginning of the videos just keep getting better and better 😭😭
This is the entire reason I always ask or tell post-tax yearly salary or income-tax paid rather than CTC. RSUs of listed companies with decent cliff, vesting schedules and clawback are the only time they should be counted honestly. RSUs vested (except clawback shares) stay with you once you leave the company. ESOPs don't even do that.
Have been watching most of your vids in your channel. Visuals and details are on another level. Kudos🎉
I know a guy who got 50 Lpa offer from Nvidia. When he joined, i approached him after 3 months and asked how's going. He said he's going to get 17 Lpa in hand, 23Lpa stocks and rest 10Lpa are allowance and others. After a few months he left his job and started preparing for UPSC.
Wtf 😂
Bhai thoda khiska hua tha kya?
Look who's the idiot now
Great Video!
Kindly make a video on the CTC in Dubai. A lot of job applicants are clueless and the recruiters misuse this knowledge gap to their advantage. I know it will be challenging and a lot of research needed. I'm sure you guys are up to the challenge and more. Thank you.
That was such a helpful overview about genuine ctc,some of my college friends believe in the so called delusional theory about the packages,that how much ROI they could even generate,i was conerned enough about the notice they show us,it may be diverse enough to confuse an intern,thanks alot achina,your always so fluent about your topic😇
Thank you 🙏🏻 now I can peacefully share this video to my mom who was blown away by learning my friends amazon 50lpa package!! You simplified my work😅
Outro was really cool guys. Your outros are becoming like a movie climax 🔥
when you said " if X company offers you a high CTC in college...", I really thought of the X company, formerly Twitter.
i bet i’ll be happy for watching this before college
CTC = CUT THE COST
I especially like the corporate look how these guys exploit freshers but some companies might have more basic pay than rest
Thanks for breaking this down in such a simple and sarcastic way.
Great work team.
I just finished 12th, this vid made me a lot more informed about salaries. Thanks
Niggesh at 4:15 is what many bosses want their subordinates to be like...(their pet)
Plight of a software engineer starts at 22:30 ... Highly exaggerated but hilariously true to say the least .. 😁. Gr8 job guys in capturing the essence of "Actual CTC".
No wonder "Compensation & Benefits" is my favorite area of all the HR functions. I'm more curious to know how the dynamics in pay componenets change every decade.
It feels awkward to ask but I ask people their salary to understand how the industries work. I'm basically an MBA and much interested to know where the actual catch is. I keep updating myself about the roles, industry and packages.
Thanks for making this video.
I didn't knew most of these terms
The amount of effert yall put in the video ❤ marvelous
appreciate your efforts. But anyone reading this comment, Please talk to a tax consultant before doing anything. Few years back i was into this profession, and i noticed few mistakes here and there. Tax is highly complicated, so its better to go with Pro's
Great input!
Could you please share the approximate cost of hiring a tax consultant?
Taxes are more complex than quantum mechanics.
In the UK, Germany, Finland and Luxembourg they precisely tell the taxable salary one would get when making the offer and don’t hide behind massive numbers. They know it is not worth to disappoint the individual who you want to work with and will be part of the team. When I was dealing with Indian company HR I had to clearly say I want so and so in hand salary coz they agreed to certain number and I needed to be clear I am not thinking about CTC when I gave the number but what I will get to live a nice life. Spend or save my choice
Wow , Just complete information I am searching for. You guys never fails to impress ❤
Most underrated channel great content.
Never seen such detailed CTC breakdown! Thankyou 🎉
True that...
Mid level gets 50% of the CTC in bank
High level gets 45%-50% of the CTC in the bank.
🎉
No wonder people will see CZcams for information and news , the quality and info is just 🔥🔥🔥🔥🔥🙏🏻.
Seriously love the way how the presentor with deep inside smile narrated sabka kaat thaaa hai popat of CTC
Very informative. Keep up the great work team. ❤
And the skits were too good 😂
Great video providing insights into what a CTC includes. I am looking for a change and this comes super handy. Thank you achina and aevy team for this video
The skit was hollywood level!! 🔥🔥
First large video i watched insted of shorts of this channel....good contant.....new subscriber earned....
the new thumbnail so so good!
If you put your content in hindi, i think you deserve millions of views. Just try 1 or 2 videos in Hindi, i think it will work well.
They're targeting whole world and even if thier majority is from India and 25% audience from foreign then their 25% will generate more revenue from 75% India
12:23 Gratuity shouldn't be part of CTC but it is mandated by law to show that the Gratuity is provided, they tend to mention them in CTC. So companies tend to add them in CTC to show them as proof. So in recent scenario u can't remove that from CTC as by the term of CTC means it's included of Gratuity
the video that i literally needed thankyou aevy team for that
I can understand this but the most irritating is some random uncle/aunty talks about 1Cr package to me because a news channel said about it.
You'll have to retire the old saying "If X company offers you a high CTC..." since there's actually a company named X now! 😂
Jokes apart, the video was informative! 👍
@aevytv
Thank god someone said this... now teenagers would know the reality of 3 crore packages... i despite being a financial expert, i won't ever hire a programmer for more than 15Lpa.
public companies have real stock values. Senior engineers often earn more on stocks than fixed salaries.
The heaven content produced by these guys really need a huge raise😂
Thanks a lot,I'm just going to go to collage, this is super super helpful
Much informative video.. Thank you!
This is the reason why govt job is best
No money greed bas jalsa hi jalsa
Loved the video, very helpful information!
My mom works in TCS since 2007 will be avail ESOPs TCS is Public company and she has mutal funds worth 30 lakhs
Highhh quality video with superbbb content
Thats why you should always ask for inhand incrememt or salary. End of story
@aevytv great informative and entertaining video. Thank you
Loving your content, nd your energy is killing.
Could you make a video on how you are analyzing the facts nd your research strategies before making a video?
This is all in my CA Inter Syllabus and I just revised everything, from HRAs to RBS etc 😅
i just realized i havent subscribed since one year to you guys hahaha
Loved the AI generated Robot at the end! Talk about "Leverage"
I mean we always ask for in hand salary while negotiating. Isn’t this a common knowledge? I guess freshers get caught up in this, which is understandable.
Meanwhile Microsoft : 50LPA 🤡
can everyone be rich? I think you should make a video on this!!
That's equivalent to saying everything is affordable for everyone. Like a car cost 20000₹ or a house cost 9000₹
pproduction top notch!
but kitne baar thumbnail badloge?
What about RSUs? What about startups that remain unlisted because they are already running profitably?
RSUs are quite similar to ESOPs
If the skits keep getting any better we might be submitting these to short film festival. Kudos to the team for their A+ acting 😂