Education: BE in Computer Science (Tier 3 College)
Years of Experience: 0
Prior Experience: None
Date of the Offer: October 2023
Company: IG Groups
Title/Level: Graduate Engineer Trainee
Location: Bengaluru, India
Salary: ₹10,35,575 (CTC)
Relocation: 0
Signing Bonus: 0
Stock bonus: 0
Total comp : ₹10,35,575
Work Type: Hybrid (2 days Work from office Compulsary)
Benefits: 15 days of Annual Leave per year + Standard Indian Holiday (Government Holidays) + 7 days Sick Leave + 5 days Causual Leave + Leave on birthday + 4 weeks Work from any where

--- CTC Breakdown (₹10,35,575) ---
Gross Salary = ₹9,00,000
Medical Insurance Premium = ₹14,000 (₹1,167 per month)
EPF - Employer = ₹64,800 (₹5,400 per month)
Gratuity = ₹17,175 (₹1,431 per month)
Gym Expenses = ₹18,000 (₹1,500 per month)
Internet Expenses = ₹21,600 (₹1,800 per month)
Total = 10,35,575 + Bonus (Based on Company performance)
Bonus (not included in CTC) : ₹25,000 to ₹50,000 Christmas Bonus (same for all the employees of company) + 1,00,000 to 2,00,000 Performance Bonus (depends on individual)

--- Gross Salary Breakdown (₹9,00,000) ---
Gross Salary (per month) = ₹75,000
Allowance (per month) = ₹6,300 (₹1,600 Conveyance + ₹2,200 Food Vouchers + ₹1,250 Medical reimbursement + ₹1,250 Leave Travel Allowances)
Gross - Allowance (per month) = ₹68,700 (₹2,200 Food Vouchers can be liquidified)