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
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.”
@@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 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.
@@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.
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.
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.
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.
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".
18:38 this is wrong info. The debt is always paid first before investors in the case the company has to be liquidated. Investors take the risk. Debtors don’t. They want their money back as fixed percentage. So for this low risk, they are paid first before investors in case of liquidation. If company does well, investors get to have more of the stock price appreciation since they took the higher risk.
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.
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....❤
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.
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. 💡
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.
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.
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.
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
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.
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 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
What are u naked or smtg? Lol, Remember, you are also just another employee of the company not the owner. Bro thinks he owns the company if he's HR. Lmfao.
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.
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 acina,your always so fluent about your topic😇
I thoroughly enjoyed your content, it was truly exceptional. But here is a little correction. On buyback of shares, Company is liable to pay tax @23.296% (20+12% surcharge + 4% HEC) and no tax liability arises in the hands of shareholders. And in case of acquisition of a company whether be it amalgamation, demerger, etc.. The capital gains tax arises only when the shareholder eventually sells the shares received as part of the swap.. So In nutshell, No Capital gain arises in the hands of shareholders as on the date of acquisition, rather it is deferred until the shares are sold by the shareholders.
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
@@God_gave_His_Son_for_you your username makes me feel you are into real time waste stuff
@@crashmi4079 she copies johnny harris videos
@@God_gave_His_Son_for_you RIGHT
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 🥺
As a Chartered Accountant I'm glad to see how u describe the Tax exemption components also..... Good work.... Keep it up.. ❤❤
I am 35 years old and still dont understand salary packages and breakdowns... Much needed thanks! 🙏
Skill issue 😂
🌚@@Kiss0_0_0
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
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 🥺♥️♥️
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 😂
Changing the thumbnail actually works. I saw this video 3 times with different thumbnails and i clicked on it atlast.
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
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 !!
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.
The quality of content!! everything crystal clear and to the point with added dramatization to make it engaging.
My best subscription on TH-cam!!
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.
I just turned 18 this year, heading into college and your content and delivery is literally on the next level! Straight 11/10 🔥🔥❤️
Same
PapaOcus played the secretary quite well 😂, excellent video.
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
It's great how easily Tax is explained
#AevyIsAVibe
Damn!!! Production keeps on improving with every new video 🤯
there was a dark messege conveyed with ease at the end🗿🗿
Well it's hurt when she said "you have never experienced it"
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 !
This video is one of the reasons that I love youtube🔥
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 ....
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".
Excellent video as usual. One correction that 9/10 startups fail.
My bad that’s what I meant to say!!!
I work in Mahindra, what they offer you is exactly what comes in your hand!
18:38 this is wrong info. The debt is always paid first before investors in the case the company has to be liquidated. Investors take the risk. Debtors don’t. They want their money back as fixed percentage. So for this low risk, they are paid first before investors in case of liquidation. If company does well, investors get to have more of the stock price appreciation since they took the higher risk.
I just finished 12th, this vid made me a lot more informed about salaries. Thanks
few corrections - Special allowance is taxable, you dont pay flat 30% on 15 lacs, you pay tax slab by slab
Right
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.
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....❤
The skits in the beginning of the videos just keep getting better and better 😭😭
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
Dude he left nvidia? Nvidia is blooming
Wtf ? No offense but why would he leave
You Nailed it ! Excellent Content !
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. 💡
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 such detailed and well structured video.
It was badly needed 🙏🏻
Aevy Team Rocks🗿
“Niggesh Kumar “
😂😂😂😂😂
That’s wild as heck.
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.
Never seen such detailed CTC breakdown! Thankyou 🎉
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.
Thanks for making this video.
I didn't knew most of these terms
The skit was hollywood level!! 🔥🔥
Most underrated channel great content.
Outro was really cool guys. Your outros are becoming like a movie climax 🔥
the new thumbnail so so good!
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
Have been watching most of your vids in your channel. Visuals and details are on another level. Kudos🎉
Thanks for breaking this down in such a simple and sarcastic way.
Great work team.
So insightful! Thanks for the video
The heaven content produced by these guys really need a huge raise😂
Awesome detailed video understood each thing very well, already watched some youtube videos but didn't understood with this much clarity.❤
CTC🗿
in hand 🤡
RIGHT?😂😂
i bet i’ll be happy for watching this before college
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
Very informative. Keep up the great work team. ❤
And the skits were too good 😂
the video that i literally needed thankyou aevy team for that
Wow , Just complete information I am searching for. You guys never fails to impress ❤
One of the best channel that I found on TH-cam
The last part of the video AI one is literally relatable 😅
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.
If the skits keep getting any better we might be submitting these to short film festival. Kudos to the team for their A+ acting 😂
The amount of effert yall put in the video ❤ marvelous
Highhh quality video with superbbb content
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😅
Achina, your presentation is simply awesome. Good job team, eye opener for all people. Love you ❤
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?
Loved the AI generated Robot at the end! Talk about "Leverage"
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.
My mom works in TCS since 2007 will be avail ESOPs TCS is Public company and she has mutal funds worth 30 lakhs
You guys are literally killing it 🔥🔥
Great video, sent this to my mom so she can show to her kitty party friends.
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
ur skits are just too good
So glad you liked them!!!
First large video i watched insted of shorts of this channel....good contant.....new subscriber earned....
@aevytv great informative and entertaining video. Thank you
All of this we are learning in income tax where we have a chapter named income under the head salary
superb topic and superb explanation
Wow ma'am you are amazing.. I found your channel few days back but I should say you are ingenious ❤🎉....best and standard content
How to speak like the way ypu speak ,your delivery is awesome
Loved the video, very helpful information!
Thanks a lot,I'm just going to go to collage, this is super super helpful
Seriously love the way how the presentor with deep inside smile narrated sabka kaat thaaa hai popat of CTC
Very informative video. Thanks for making it. 👍
Glad it was helpful!♥️
As an HR, I feel exposed! 😅
What are u naked or smtg? Lol,
Remember, you are also just another employee of the company not the owner.
Bro thinks he owns the company if he's HR. Lmfao.
🤣🤣🤣@@rajrajesh1669
@@rajrajesh1669i think we must learn employee loyalty programs from his company, to know how the heck companies diverted his mind as such
Much informative video.. Thank you!
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.
@@aevytv why your nozz lipzz long like your sis Lveena
Pls make a detailed video about trading in India market and us market, forex 🤝
I especially like the corporate look how these guys exploit freshers but some companies might have more basic pay than rest
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 acina,your always so fluent about your topic😇
I COULD PROUDLY SAY, 100% OF THE STUDENTS GETTING PLACED FROM OUR COLLEGE ARE ENJOYING TAX FREE INCOME!!
what college?😃
It means less than 4 lakhs 😅😂
I thoroughly enjoyed your content, it was truly exceptional.
But here is a little correction. On buyback of shares, Company is liable to pay tax @23.296% (20+12% surcharge + 4% HEC) and no tax liability arises in the hands of shareholders. And in case of acquisition of a company whether be it amalgamation, demerger, etc.. The capital gains tax arises only when the shareholder eventually sells the shares received as part of the swap.. So In nutshell, No Capital gain arises in the hands of shareholders as on the date of acquisition, rather it is deferred until the shares are sold by the shareholders.
4:27 "Niggesh Kumar" 💀💀
Alright
Company name : nk securities
CTC : 1 cr+
Includes base + bonus only no stocks
First year compensation 1cr+
Role : quant
@ 08:55 30% Tax Bracket doesn't mean that you have a flat 30% tax on the money that hit's the bank !
Exactly! The rate is applicable only on the amount in the tax bracket.
Good Explanation👍
Such a fresh unheard topic being discussed,
at the end it was crazy keep doing this