In this article, you will learn all about the TCS Ignite In Hand Salary, salary deductions, and increments from joining to up to the third year. Understanding the salary structure Of TCS Ignite Role
About TCS Ignite Program
TCS Ignite is a program offered by TCS (Tata Consultancy Services) that aims to bridge the gap between science and software for BSc (Bachelor of Science) and BCA (Bachelor of Computer Applications) students. The program provides an opportunity for BSc and BCA graduates to obtain an MCA (Master of Computer Applications) degree and a salary while working at TCS.
To be selected for the TCS Ignite program, candidates need to excel in the TCS Smart Hiring Test, which is specifically designed for BSc and BCA candidates. Only the top performers in this test are chosen to participate in the TCS Ignite program, which offers them the opportunity to enhance their skills and pursue a rewarding career in the field of software development and technology.
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Why Tcs Ignite Is Better Then WIPRO WILP
if you are looking to pursue a job after completing BCA and also desire a master’s degree, the TCS Ignite program can be an excellent choice for you. It offers the opportunity to obtain an MCA degree while gaining practical work experience and earning a salary at TCS.
While other programs like Wipro WILP may also offer an MTech (Master of Technology) degree, it seems that you have a personal preference for pursuing an MCA degree after BCA or BSc. In that case, TCS Ignite aligns with your preference and can be considered as the best option for you.
It’s important to evaluate your own career goals and preferences when choosing a program, and TCS Ignite seems to provide a comprehensive package that combines academic advancement with job opportunities, making it a favorable choice for individuals like yourself who are interested in a career in software development.
First Year TCS Ignite In Hand Salary
In this scenario, when an employee joins a company, they are offered an annual salary of INR 179,000. After considering various deductions such as PF (Provident Fund), Professional Tax, ESIS (Employees’ State Insurance Scheme), and Labour Welfare, the net monthly salary for the first year is In Hand INR 13,135.
| Item | Value |
|---|---|
| CTC (Annual) | 1.9 LPA |
| Monthly Deductions | 1,865 INR |
| Monthly In-hand Salary | 13,135 INR |
Ratings And Increments
In TCS Ignite role, ratings play a significant role in determining the increment in salary. The ratings are categorized as A, B, and C, representing different levels of performance.
- A rating (Good): If an employee receives an A rating, they are considered to have performed well. In this case, the employee will receive a salary hike of 40,000 INR in their overall package. For example, if the employee’s current package is 1.9 LPA (Lakh Per Annum), it will be increased to 2.3 LPA.
- B rating (Best): An employee who receives a B rating is recognized as having performed exceptionally well. In this scenario, the employee will receive a salary hike of 30,000 INR in their overall package. For instance, if the employee’s current package is 1.9 LPA, it will be increased to 2.2 LPA.
- C rating (Bad): If an employee receives a C rating, it implies that their performance was not satisfactory. In such cases, TCS may choose to assign the employee to a desk job or transfer them to a different project.
These rating-based increments and actions are specific to the TCS Ignite role and may vary depending on the policies and practices of the organisation.
Second Year In Hand Salary – Explained With Payslip
For the second year, if an employee receives a B rating, their package will increase from 1.9 LPA to 2.2 LPA. Let’s analyze the pay slip with a B rating to understand the monthly earnings, deductions, and the final in-hand salary.
Monthly Total Earnings: The pay slip indicates that the total earnings for the month are 18,388 rupees. These earnings include various components such as basic salary, allowances, incentives, etc.
Deductions: The pay slip shows that deductions amount to 1,583 rupees. Deductions typically include components like income tax, provident fund contributions, insurance premiums, and other statutory deductions.
In-Hand Salary: To calculate the in-hand salary, we subtract the deductions from the total earnings. In this case, the calculation would be as follows: In-Hand Salary = Total Earnings – Deductions = 18,388 – 1,583 = 16,805 rupees.
Therefore, with a B rating in the second year of the TCS Ignite role, the employee would receive an in-hand salary of 16,805 rupees. It’s important to note that these figures are specific to the example provided and may vary depending on individual circumstances and company policies.
here is a table that explains the in-hand salary of a TCS Ignite employee with a B rating in the second year:
| Item | Value |
|---|---|
| Basic Salary | 2.2 lakhs per annum (18,388 rupees per month) |
| Deductions | 1583 rupees per month |
| In-hand Salary | 16,805 rupees per month |
Third Year In Hand Salary – Explained With Payslip ( Band )
In the third year of the TCS Ignite role, if an employee receives a B rating again, their package will increase to around 2.4 LPA To 2.5 LPA. Let’s analyze the salary structure at the year-end with a B rating to understand the monthly earnings, deductions, and the final in-hand salary.
Band Means : You Will Get Bonus from Company After Completing A Year
Monthly Total Earnings: The pay slip indicates that the total earnings for the month are 19,824 rupees. These earnings include various components such as basic salary, allowances, incentives, etc.
Deductions: The pay slip shows that deductions amount to 1,685 rupees. Deductions typically include components like income tax, provident fund contributions, insurance premiums, and other statutory deductions.
In-Hand Salary: To calculate the in-hand salary, we subtract the deductions from the total earnings. In this case, the calculation would be as follows: In-Hand Salary = Total Earnings – Deductions = 19,824 – 1,685 = 18,139 rupees.
Therefore, with a B rating in the third year of the TCS Ignite role, the employee would receive an in-hand salary of 18,139 rupees. It’s important to note that these figures are specific to the example provided and may vary depending on individual circumstances and company policies.
here is the table for the salary structure of a TCS Ignite employee with a B rating in the third year:
| Item | Value |
|---|---|
| Basic Salary | 2.4 lakhs per annum (19,824 rupees per month) |
| Deductions | 1,685 rupees per month |
| In-hand Salary | 18,139 rupees per month |
