In hand Salary of IBM - how much will be my monthly take home(excluding tax)?

Sure, I'd be happy to help you understand the breakdown of your salary.

Let's start with your Annual Fixed Remuneration which is Rs. 1,050,000. This is the amount you are expected to receive annually, excluding tax and retirements such as the Provident Fund (PF) and Gratuity.

1. 📅 Monthly Fixed Remuneration: Your Monthly Fixed Remuneration would be Rs. 1,050,000 divided by 12 (months in a year). That's Rs. 87,500 per month.

Now, let's consider your Retirals.

2. 💰 Provident Fund (PF): The Provident Fund (PF) contribution is Rs. 53,209 annually. So, your monthly PF contribution would be Rs. 53,209 divided by 12, which is approximately Rs. 4,434.

3. 🎉 Gratuity: Your annual gratuity is Rs. 21,284. Divided by 12, your monthly gratuity contribution would be around Rs. 1,774.

4. 🏦 Monthly Take Home: Your Monthly Fixed Remuneration minus your monthly PF and Gratuity contributions would be your monthly take home (before tax).

So, Rs. 87,500 (Monthly Fixed Remuneration) - Rs. 4,434 (PF) - Rs. 1,774 (Gratuity) = Rs. 81,292.

Please note that this is a simplified calculation and other factors such as your tax bracket, income from other sources, and investment declarations can affect your actual take-home salary.

Also, remember that your Flexible Benefit Plan (FBP) is a part of your Annual Reference Salary (ARS) and can be utilized for various components as per IBM's policy. You might need to declare and submit proofs for the FBP components to get tax benefits.

Hope this helps you understand your salary structure better! 💼💰