What is the salary after working for 5 years in TCS? | IT salary after 5 Years

What is the salary after working for 5 years in TCS?

The salary hike in TCS is really slow unless you receive a major promotion like IT Analyst or Associate Consultant. As a fresher I used to earn 23,500 rupees monthly while seniors with 3.5 years experience earned around 27,000 rupees monthly. That's hardly any hike over the years in my opinion.

Fresher. : As a fresher you join TCS now with an annual compensation of 3,36,000 rupees. After deductions, you receive around Rs 23,500 in hand monthly. If you have added your parents as beneficiary under Health Insurance, a larger sum is deducted from the salary.

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1 year. Your final anniversary happens one year after you join TCS. You receive a band based on your performance which decides your hike. For A band employees, the revised package is Rs 3.85 lakh per annum. For B band, it is Rs 3.74 lakh per annum and for C band, it is Rs 3.65 per annum. Monthly they receive 26,000 , 25,000 , 24,000 rupees in hand respectively. So that's a hike of 500 to 1,500 rupees monthly and this is considered as the biggest hike before becoming IT Analyst.

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1st year : Your final anniversary happens one year after you join TCS. You receive a band based on your performance which decides your hike. For A band employees, the revised package is Rs 3.85 lakh per annum. For B band, it is Rs 3.74 lakh per annum and for C band, it is Rs 3.65 per annum. Monthly they receive 26,000 , 25,000 , 24,000 rupees in hand respectively. So that's a hike of 500 to 1,500 rupees monthly and this is considered as the biggest hike before becoming IT Analyst.

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2nd years : The next series of appraisal happens yearly in March. Based on your rating you are given a hike. Usually for previous A band employees, the package just manages to cross 4 lakh rupees per year while for the rest, it is just shy of 4.

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3rd years : After completing 3 years in TCS, your revised compensation is around 4.1 to 4.2 lakh rupees per year. If you have received 5 ratings throughout, it might stand at Rs 4.4 lakh at max.

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4th years : Officially you are eligible for your next promotion in TCS, which you have long waited for. However most managers wait upto 4.5 years to initiate your promotion. By this time you will be receiving 4.4 to 4.6 lakh rupees per year at most.

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5th years : Most of the employees become an IT Analyst by the end of five years of continuous service. You receive a hike close to 20% more than your previous package. The revised figure stands at around 5 to 5.5 lakh rupees annually depending upon the ratings you have got throughout. After deductions you'll still be a little shy of 40,000 rupees per month. You'll still be exempted from paying income tax if that's any good news since the net income will remain less than 5 lakh rupees.