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What is the variable pay in Accenture for level 9?
The variable pay is decided on the basis of your Career Level/Designation. If your Career Level is from 12 – 10, both including, you will have a variable component of 15.6\%. If your Career Level is from 9 – 6, both including, you will have a variable component of 18\%.
What is local variable bonus?
Local Variable Pay (LVP) is just a fancy name for Bonus payout at Accenture. It is payable twice a year, once in June and next in December. The LVP is a component of your pay package depends on a number of factors.
What is the minimum variable pay in Accenture?
The variable pay varies from 15\% to 18\%. It is solely dependent upon your rating and current pay. The payout is done twice in a year.
What is the variable pay in Accenture in LPA?
At this position, the variable pay in Accenture is around 18.65\%. Having said that, the fixed component of the salary would be around 13 LPA. From this fixed component, Tax and PF amount will be deducted, which will be around 2 LPA.
What is the salary of team lead (TL) in Accenture?
Since the salary you have mentioned is 16 LPA, I am assuming that the designation is Team Lead (TL). At this position, the variable pay in Accenture is around 18.65\%. Having said that, the fixed component of the salary would be around 13 LPA.
What is the salary of LVB in Accenture in India?
Your offer letter mentions the clear percentage of your variable payout. Usually, at Accenture, LVB is somewhere around 15–18\% and this is paid out in 2 installments. Thus, your total eligibility to LVB is around Rs. 36,000 – Rs. 43,000. i.e. This is the maximum amount you’ll be paid during the financial year.
What is the PF contribution amount of Accenture for 5 years?
This would now comprise contribution to PF of 70k approx from both your and Accenture’s end and an amount of 30k INR of Gratuity deduction which you will get only after completion of 5 years. So you are left with 12 L INR before tax.