Salary Negotiation in India — Getting Your Market Rate in 2024

## Market research sources for India **Free:** - LinkedIn Salary (requires premium or limited views) - AmbitionBox: India-specific, comprehensive for Indian companies - Glassdoor: good for MNCs, some Indian companies - Levels.fyi: Tech industry only, very detailed for FAANG/MNC - Naukri JobSearch: job postings indicate salary ranges **Paid/syndicated:** - Mercer, Aon, Korn Ferry salary surveys (accessible via HR contacts) ## The CTC vs take-home confusion India uses CTC (Cost to Company) which includes: - Basic salary (typically 40–50% of CTC) - HRA, conveyance, other allowances - Employer PF contribution (12% of basic) - Medical insurance premium - Variable pay (may or may not pay out) - ESOP grant value (highly illiquid) A ₹20 lakh CTC offer might have take-home of ₹1.2–1.3 lakh/month. Always calculate in-hand before comparing. ## Handling "what is your current CTC?" Legally required? No. Common? Yes. **Script 1 (deflect):** "I prefer to focus on the value I bring and the market rate for this role. My target compensation is ₹X–Y." **Script 2 (give range):** "My current package is ₹X–Y CTC including variable. Given market rates for this role and my experience, I'm targeting ₹Z." **Script 3 (give total CTC):** Include every element — basic, variable, ESOP (at fair value), insurance, bonuses. This is accurate and often higher than what they expect. ## When a company says "this is our best offer" It rarely is. Push back once: "I appreciate the offer. To make this work, I need ₹X [specific amount]. Can you make that happen?" If they say no again with a reason, you can accept or decline — but one direct ask almost always gets at least a small improvement.