I recently got a CTC break up from TCS which is around 26 lakhs. Really confused on the break up structure. They have included Performance pay in Gross section and its divided into 2 parts

1. Monthly Performance Pay
2. Performance Bonus (QVA)

I fail to understand which one is fixed and which one is variable

Additionally, they have included retention incentive paid yearly.

Kindly advise....

I am still confused what will be my hand salary

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One would get complete Monthly Performance Pay.
The Quaterly Performance Pay will depend on your Allocation Index, Unit Billing, etc.

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Monthly variable will be fully paid out. Quarterly is variable and depends on the performance of the project.

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even i got both and based on my research, both are variable pay(it's explicitly mentioned in the offer letter). But from what i heard, you'll get the monthly bonus for sure and the quarterly bonus is the one that depends on your performance, management and company's performance

What’s your YOE ? QVA depends on level as well but yeah it will be announced quarterly based on company results

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