From 6LPA to 1Cr+ CTC 🔥 | Why she rejected Amazon Microsoft Google and Uber’s Offer!

In this video we have @KeertiPurswani and she was from a non cs background. she has recently cracked Amazon, Microsoft, Google, Uber and Atlassian!
CTC includes 4years stocks and it is not 1st year package. Please watch the full video.
Do share it with your friends and family! Also, Like and share ❤️

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[KeertiPurswani]

Guys, CTC ka matlab video mein samjaya h. Dekhke batao kaisa laga ❤️
Thank you Nishant bhai for having me ❤️❤️
Dost log, 50K pe special announcements planned hain. Karte hain jaldi? 🚀❤️

[abhinavreddy]

Time stamps
Intro :-0:00
Video Starts :-0:32
About code in 10 channel :-1:41
Journey of Keerti Purswani :-1:55
About CTC :-3:24
About Her Programming Journey :-4:18
About System Design :-7:48
About offers and rejection:-9:50
About Atlassian :-12:46
Suggestions :-15:05
Thank you:-)

[enigma]

Do not go after his CTC. Always go after your skills.

[rajivkumar-ubuj]

Since most of you do not know, The actual CTC is the 2nd year CTC and this is important because if you make a switch / look for a new job, then this actual CTC is used to consider for new offer. The high CTC is not taken into consideration…
Let’s say at Microsoft your quoted CTC is Rs 39, 40, 000 (~39.4 lakhs).

Base Salary: Rs 12, 00, 000 which is further divided into two components:

Basic salary and flexible Base Plan (FBP)
Basic: Rs 4, 72, 000 and FBP: Rs 5, 28, 000

Joining bonus of Rs 3, 00, 000 (Rs 1, 50, 000 in the first month and Rs 1, 50, 000 after 1st year)
Stock Award: $30, 000 (given over 4 years) ~ Rs 22, 00, 000-23, 00, 000

Relocation bonus: Rs 1, 00, 000 (given if you are coming from another city)
Note: This is not included in CTC so this is extra as you will get this only if you claim it.

Performance bonus: Rs 2, 40, 000 (20% of Base salary)
Note: 20% is the maximum if your company (Microsoft in this case) hits its overall goal. It can be less than 20% and even 0%. So, it varies.

There are other components where you can get extra money provided you claim those. These are not included in CTC. These include:

Medical expenses (Within a given limit)
Travel expenses
and others.

Therefore, the following components are added to arrive at the final CTC

Base Salary: Rs 12, 00, 000
Joining bonus: Rs 3, 00, 000
Stock Award: Rs 22, 00, 000
Performance bonus: Rs 2, 40, 000
This gives the CTC as Rs 39, 40, 000.

The following components are one-time that is these components are not considered in the CTC of your 2nd year at Microsoft. So, the 2nd year CTC is always less than the 1st year CTC:

Joining bonus: Rs 3, 00, 000
Stock Award: Rs 22, 00, 000
Therefore, your 2nd year CTC will be Rs 14, 40, 000..

In New tax regime, you cannot do tax saving.
In Old tax regime, you can do tax saving like in Fixed deposit, Interest in loans and much more. This is useful only if you have to pay a large amount of interest for loans like education loan, house loan and others.
Let us calculate the minimum salary:

You are doing no tax saving and are in New tax regime.
You did not receive any bonus (0%).
Then, you get the base salary of Rs 12, 00, 000 only. On this, you pay tax of 20%.

Tax = 2.5 * 0.05 + 2.5 * 0.1 + 2.5 * 0.15 + 2 * 0.2 = 1.15

So, you pay Rs 1.15 lakhs in salary. Your in-hand salary is Rs 10.85 lakhs. So, your monthly in-hand salary is Rs 90, 417.

Let us calculate maximum salary:

Let us assume you do tax saving investments and are in Old tax regime. If you have loan and give interests, you can save tax on the interest up to FBP.
So, you have to pay tax on Basic salary of Rs 4, 72, 000.

Tax = 2.22 * 0.05 = Rs 11, 100

You get the performance bonus of Rs 2, 40, 000 and tax is deducted on it. So, in-hand bonus is Rs 2, 28, 000.

So, in-hand salary is Rs 11, 88, 900 per year and it is Rs 99, 000.

Therefore, your in-hand monthly salary range from Rs 90, 417 to Rs 99, 000.

Your 2nd year CTC / actual CTC will be Rs 14, 40, 000 per year and not Rs 33, 40, 000 per year.

Note -You’ll be getting stocks worth 22 lakhs but you’ll have to pay 30% tax +10 % long term capital gains tax on them and if you leave the company in between the unvested stocks will be forfeited
It’s great to get into these product based companies ( better than service based ones ) but you should be knowing all these things

credits: am

[gamerware]

The LPA hype these guys are creating, this system will come to a saturation point eventually, it's like these guys are creating a monotonous system where everyone should run after the same thing, wonder what's gonna happen in future

[champtejas]

Fun facts she quoted money is secondary thing for me and end up choosing highest package company rather than top brands it's a kinda of hypocrisy

[mohammadkhalique]

There is a huge difference between CTC and in-hand salary be it in India or USA in India there is no state tax but in the USA you have state tax as well as federal tax since you earn in $ you spend in $ everything is expensive in the USA, these days YouTubers give wrong THUMBNAILS just get viewers and likes.

[karthikswaminathan]

Nishanth Bhai is moving his head like he's in a office meeting 😂.

[rakamrak]

WLB and Learning in project not always go hand in hand. WLB will be a hit if you are working on a project which is being built from scratch.

[apoorvadubey]

Patience and constant learning along with boosting our skills is one of the most important thing needed. You both are an inspiration.

[RahulRoy-ehyi]

Most important takeaway is that focus on your skillsets. money will come after you.

[animal__official]

Fed-up with these topics now every channel is doing -XLPA to XXX LPA??? Every body is focusing on quantity not quality 😣

[shrugoel]

Guys, she didn't say don't choose money but just quote don't run behind money rather focus on skills which will land you in a situation to choose money. Cheers🥂

[Roaming_India]

After saying Don't go for CTC . Go for skills 10 times..she joined Atlassian due to CTC only.else Brand/Best offices/Technology can better give by Google, Microsoft ..I know this is inspiring but misreading video as well it is no actually 1 CR ctc.

[oggystocky]

My key points:
1.) She focused on skill set more than money
2.) She enjoyed solving DSA
3.) Focus on skills and become very good software engineer

[raipalash]

"Jyada paise k piche mat bhago"
Declines Microsoft's offer because they couldn't match. 😂

[gulnazshamsi]

Well explained mam i really appreciate ur patience like money matr ni krti skills gain ki hats off

[prathmeshsadulwar]

Nishant chahar love this video so much 😊

[harshghosh]

Jo log 10-12 saal Indian service company me bita chuke hain jahan na to aapki salary badhti hai aur na hi skills, unhe kya karna chahiye ? Paise bhi chahiye & skill bhi 🙂

[rohanmane]

Ever wonder Intna pakage hota he to ye sab software engineers YouTube per Q aate he.