IT Career Insights & MNC Onboarding Guide

My 19-Month IT Salary Journey: Payslip, Gross Salary, Net Pay and Variable Pay

2026-08-30T09:23:54.939-07:00

My Real IT Salary History

Instead of publishing a generic salary example, I decided to share my own 19-month salary history so that readers can see how monthly compensation actually changed over time.

The payslip information on this page covers February 2024 through August 2025.

My Average Monthly Gross Earnings

Using the 19 months shown in the document:

₹32,11,828 ÷ 19 = approximately ₹1,69,044

So my average gross earnings across these 19 payroll months were approximately:

₹1.69 lakh per month

My Average Monthly Net Pay

My total net pay over the same period was:

₹26,32,021

Dividing this across 19 months gives an average of approximately:

₹1,38,527 per month

Component	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24	Aug-24	Sep-24	Oct-24	Nov-24	Dec-24
Basic Salary	48,965	48,965	48,965	48,965	48,965	48,965	48,965	48,965	48,965	51,510	51,510
HRA	24,481	24,481	24,481	24,481	24,481	24,481	24,481	24,481	24,481	25,754	25,754
Personal Allowance	48,963	48,963	48,963	48,963	48,963	48,963	48,963	48,963	48,963	51,509	51,509
Other Allowances	11,445	11,445	11,445	10,345	10,345	10,345	10,345	10,345	10,345	10,948	10,948
Variable Bonus	0	0	0	101,631	0	0	0	0	0	144,783	0
Shift Allowance	11,300	10,500	13,300	9,300	0	20,500	12,500	12,600	13,000	12,400	12,600
Gross Earnings	146,322	145,154	147,154	242,585	133,854	153,254	145,254	145,354	145,754	294,524	152,321
Provident Fund	5,876	5,876	5,876	5,876	5,876	5,876	5,876	5,876	5,876	6,181	6,181
Income Tax (TDS)	20,325	19,968	18,834	48,638	14,749	20,840	18,796	16,276	16,459	63,193	19,099
Net In-Hand Pay	120,481	117,673	122,444	188,071	113,729	126,538	120,582	121,952	123,419	225,150	127,041

Component	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25	Jul-25	Aug-25	19-Month Total
Basic Salary	51,510	51,510	51,510	105,000	105,000	105,000	105,000	105,000	1,220,690
HRA	25,754	25,754	25,754	29,565	29,565	29,565	29,565	29,565	495,651
Personal Allowance	51,509	51,509	51,509	0	0	0	0	0	695,686
Other Allowances	10,948	10,948	10,948	0	0	0	0	0	150,542
Bonus / Referral	0	0	0	0	134,838	35,000	0	0	416,252
Shift Allowance	12,600	11,900	100	13,000	12,000	12,900	12,600	12,500	224,500
Gross Earnings	152,321	151,621	149,793	147,565	282,303	182,465	147,165	147,065	3,211,828
Provident Fund	6,181	6,181	6,181	12,600	12,600	12,600	12,600	12,600	146,484
Income Tax (TDS)	19,525	19,556	19,329	11,678	38,054	19,613	12,305	12,284	429,518
Net In-Hand Pay	126,615	125,884	123,008	123,287	231,649	150,252	122,260	122,181	2,632,021

My IT CTC Worksheet Explained: Monthly CTC, Fixed Pay, Reimbursements

2026-08-30T08:55:29.122-07:00

My CTC Worksheet for FY 2025–26

I am sharing my IT CTC Worksheet for the financial year 2025–26 as a real-world example to help employees understand something that is often confusing: how an annual CTC figure is broken down across monthly salary, reimbursements, benefits and other components.

Important: This is my own CTC worksheet from my employment. Personal or identifying information should be removed or redacted before publishing. The figures shown are specific to my employment and should not be treated as a standard CTC structure for every employee.

What Is a CTC Worksheet?

A CTC worksheet provides a consolidated view of an employee's compensation and related company-paid components for a financial year.

My worksheet explains the compensation applicable from April 2025 through March 2026 and includes salary, reimbursements, benefits and other CTC-related information. It also distinguishes between values already paid and projected values for later months.

This makes the document different from a normal monthly payslip.

A payslip tells you what happened in a particular payroll month.

A CTC worksheet can give you a broader view of compensation across an entire financial year.

My Total Fixed Pay

My CTC worksheet shows:

Total Fixed Pay: ₹17,65,990

The worksheet identifies the period as:

April 1, 2025 to March 31, 2026

and records the relevant employment date separately.

The annual fixed-pay figure is then reflected in the monthly salary calculations.

My Monthly CTC Calculation

The salary section of my worksheet shows a monthly CTC of approximately:

₹1,47,166

for each month in the worksheet.

The salary table runs from April 2025 through March 2026.
The worksheet shows the following recurring components:

Basic: ₹1,05,000

HRA: ₹29,565

Employer PF: ₹12,600

The remaining columns in the worksheet cover other allowances, deductions, unclaimed CTC and recovery-related items.

My Monthly Salary Structure

Based on the worksheet, the recurring monthly structure can be summarized as:

Component	Monthly Amount
Basic	₹1,05,000
HRA	₹29,565
Employer PF	₹12,600
Monthly CTC	₹1,47,166

These are the figures shown in the CTC worksheet and are useful for understanding how annual fixed pay is represented on a monthly basis.

Why My Monthly CTC Is Not the Same as Take-Home Salary

This is one of the biggest areas of confusion among employees.

The monthly CTC shown in my worksheet is not the same thing as the amount credited to my bank account.

The worksheet includes employer-paid components such as employer provident fund.

A payslip, on the other hand, shows employee earnings and deductions used to arrive at net pay.

Therefore, employees should not simply look at the CTC worksheet and assume that the monthly CTC is their monthly take-home salary.

CTC Worksheet vs Payslip

The two documents serve different purposes.

CTC Worksheet

My CTC worksheet provides an annual view of compensation and related components.

It includes salary details, reimbursements, benefits and the CTC calculation for the financial year.

Payslip

A payslip focuses on a particular payroll month and shows earnings, deductions and net pay.

For example, my earlier monthly payslips show gross earnings and net pay for individual months.

This means the two documents complement each other rather than replacing each other.

The Interesting Part: My CTC Worksheet Shows a ₹11 Balance

One of the most unusual details in my worksheet is the final Balance Payable CTC of ₹11.

The worksheet provides the calculation as:

T1 − (T2 + T3 + T4)

where the relevant totals are:

Prorated CTC: ₹17,65,991

Salary: ₹17,65,980

Reimbursements: ₹0

Benefits: ₹0

Balance Payable CTC: ₹11

So, according to the worksheet, the difference is only ₹11.

This is a good example of why the CTC worksheet is more detailed than simply looking at annual salary.

Why Would There Be a Small Balance Payable?

In my case, the worksheet itself records a ₹11 difference between the prorated CTC and the sum of salary, reimbursements and benefits.

A small balance like this can arise from how compensation components are calculated, rounded or allocated across payroll records.

However, the document itself does not explain the exact reason for the ₹11 difference.

Therefore, I would not claim a specific cause beyond what the worksheet actually shows.

The important point is that the system has identified ₹11 as the balance payable CTC.

What Are Reimbursements?

The CTC worksheet has a separate Reimbursements Details section.

It includes categories such as:

Leave Travel Assistance
Car Maintenance
Car Insurance
Car Running Expenses
Driver Salary

The worksheet shows zero amounts across the reimbursement section for the months displayed.

This means that these particular reimbursement categories did not contribute to the CTC shown in this worksheet during the displayed period.

What Are Benefits?

The worksheet also includes a separate Benefits section.

It lists:

Food Coupons

Car Lease

The displayed values are zero, resulting in a total of zero for the benefits section.

This demonstrates that not every possible benefit category necessarily contributes to an employee's annual CTC.

Actual vs Projected CTC

One particularly useful feature of this document is its explanation of actual and projected values.

The worksheet states that it displays salary, reimbursements and perks paid from April 2025 up to the previous month, while projected values for later months are displayed separately.

This is important because an employee looking at a yearly CTC worksheet should understand that not every number represents money that has already been paid.

Some values can represent the expected or projected compensation for the remainder of the financial year.

Why a CTC Worksheet Can Be Useful

A yearly worksheet can help an employee understand the relationship between different parts of compensation.

Instead of looking at one monthly payslip at a time, the employee can review the entire financial-year picture.

It can also help identify:

Monthly fixed salary

Employer contributions

Reimbursements

Benefits

Unclaimed CTC

CTC recovery

Balance payable or recoverable CTC

The document specifically instructs employees to pay attention to unpaid or unclaimed CTC shown as balance payable or recoverable CTC.

My CTC Worksheet Month by Month

The salary table in my worksheet covers all twelve months of the financial year:

April 2025

May 2025

June 2025

July 2025

August 2025

September 2025

October 2025

November 2025

December 2025

January 2026

February 2026

March 2026

The displayed monthly values remain consistent in the worksheet, with monthly CTC shown at approximately ₹1,47,166.

Why CTC Can Be Different From Actual Salary Paid

A CTC figure is a broader compensation concept.

Some elements may be employer contributions or benefits rather than direct salary.

Some components may also be paid at different times.

My own CTC worksheet shows why an employee should not equate the annual CTC figure with the amount received every month.

The worksheet separately tracks salary, reimbursements and benefits.

How My Annual CTC Adds Up

The worksheet's main CTC figures provide an interesting annual comparison:

Prorated CTC: ₹17,65,991

Salary: ₹17,65,980

Reimbursements: ₹0

Benefits: ₹0

Balance payable CTC: ₹11

The result is a very small outstanding amount compared with the overall annual compensation.

What Is “Unclaimed CTC”?

The worksheet includes a column for Unclaimed CTC.

This is a useful concept because CTC can contain components that are not immediately paid as regular salary.

The exact treatment depends on the employer's compensation structure and policies.

In my worksheet, the displayed monthly unclaimed CTC and recovery values are zero.

What Is CTC Recovery?

The worksheet includes a separate CTC Recovery column.

Recovery entries can be used in payroll systems to account for amounts that need to be recovered or adjusted according to the applicable compensation arrangement.

In the monthly rows displayed in this worksheet, the recovery values are zero.

Why Employees Should Check Their CTC Worksheet

A yearly CTC worksheet can reveal information that is not obvious from a regular payslip.

For example, an employee may discover:

A benefit that was not used
A reimbursement that was not claimed
A small CTC balance
A difference caused by adjustments
Projected values for future months

The document itself specifically advises employees to take stock of unpaid or unclaimed CTC.

How I Read My CTC Worksheet

When I look at this document, I separate it into four parts:

1. Fixed Pay

This is the main annual compensation figure.

2. Salary Details

This shows how the fixed pay is represented across monthly salary components.

3. Reimbursements

This shows additional eligible categories such as travel or vehicle-related items.

4. Benefits

This captures other benefit categories included in the CTC calculation.

The worksheet then brings these components together in the final CTC summary.

My Main Takeaway From This Document

The biggest lesson from my CTC worksheet is simple:

CTC is more than monthly salary.

A compensation package can contain several components, and an annual worksheet can bring them together in one place.

The most useful part for me is seeing the complete financial-year picture rather than looking at one month in isolation.

Should Every Employee Have the Same CTC Structure?

No.

Employees can have different compensation structures depending on their role, level, employer, location, benefits and individual employment terms.

For that reason, my worksheet should be treated as a real-world example from my own employment, not as a standard CTC template.

Why I Am Sharing My CTC Worksheet

I am sharing this document because CTC is one of the most misunderstood parts of an IT salary package.

Many people know their annual CTC but do not know how the number is constructed.

A real CTC worksheet makes the relationship between annual fixed pay, monthly salary, employer contributions, reimbursements and benefits much easier to understand.

That is the reason I wanted to document this example.

Frequently Asked Questions

What is a CTC worksheet?

A CTC worksheet is a compensation document that brings together salary, reimbursements, benefits and other CTC-related components for a specified period.

What period does my CTC worksheet cover?

The worksheet covers the financial year from April 2025 through March 2026.

What is my total fixed pay in this worksheet?

The worksheet shows ₹17,65,990 as Total Fixed Pay.

What is my monthly CTC?

The worksheet shows approximately ₹1,47,166 per month in the salary details.

What are the main monthly salary components?

The displayed recurring components include ₹1,05,000 Basic, ₹29,565 HRA and ₹12,600 Employer PF.

Does monthly CTC equal take-home salary?

No. CTC includes components that are not necessarily deposited directly into the employee's bank account.

Does the worksheet include reimbursements?

Yes. It has a separate reimbursement section covering categories such as Leave Travel Assistance and vehicle-related expenses.

Did I have reimbursements in this worksheet?

The displayed reimbursement amounts are zero.

Did I have benefits in this worksheet?

The displayed Food Coupons and Car Lease benefit amounts are zero.

Why is there an ₹11 balance payable CTC?

The worksheet shows prorated CTC of ₹17,65,991 less salary of ₹17,65,980, with zero reimbursements and benefits, resulting in an ₹11 balance payable CTC. The worksheet itself does not provide a specific explanation for why the difference is ₹11.

Does every month's CTC have to be identical?

No. CTC structures can vary, and additional payments or adjustments can change monthly values. In this particular worksheet, the displayed monthly salary figures are consistent across the listed months.

Are all the values in a CTC worksheet already paid?

Not necessarily. The document explains that it includes amounts paid up to the previous month as well as projected values for later months.

Is this a standard CTC structure for IT employees?

No. This is my personal CTC worksheet and should be viewed only as a real-world example.

Final Thoughts

This CTC worksheet gives a much clearer picture of my compensation than a single monthly payslip.

It shows how an annual fixed-pay figure can be connected to monthly salary, employer PF, reimbursements, benefits and the final CTC calculation.

One of the most interesting details is the ₹11 balance payable CTC, which shows how even a very small difference can appear in a yearly compensation reconciliation.

For me, this document is useful because it provides a complete financial-year view rather than focusing on just one month's salary.

I am sharing it as a real-world personal example so other IT professionals can better understand what a CTC worksheet can contain and how to read one.

Disclaimer: This article is based on my personal CTC worksheet and is provided for educational and informational purposes. The figures and structure apply to my own employment situation and should not be treated as a standard salary structure for other employees. Compensation structures, benefits, reimbursements, payroll practices and company policies can vary by employer, role, location and year.

My IT Salary Hike Journey: 2021, 2022 and 2024 Compensation Statements

2026-08-30T08:36:12.942-07:00

I have been working in the IT industry for many years, and salary progression is one of the clearest ways to see how a career changes over time.

Instead of publishing only a single salary figure, I decided to share several real compensation statements from my own career so readers can see how my base pay and reward outcomes changed across different years.

The documents shown below are my own compensation statements. Personal and identifying information has been removed or redacted before publication.

My Compensation Statements

December 2021

My December 2021 compensation statement shows:

Current Base Pay: ₹12,62,814 per year

Base Pay Increase: 10%

New Base Pay: ₹13,89,095 per year

The statement also shows an indicative bonus percentage and other reward information.

The important point here is that the 10% figure refers to the base-pay increase. It should not automatically be interpreted as a 10% increase in every component of total compensation.

June 2022

My June 2022 compensation statement shows:

Current Base Pay: ₹13,89,095 per year

Base Pay Increase: 9%

New Base Pay: ₹15,14,114 per year

The statement also records a bonus outcome for that period.

This provides an interesting comparison with the previous statement because the new base pay in June 2022 starts from the same ₹13,89,095 figure shown as the December 2021 revised base pay.

December 2022

My December 2022 statement shows:

Current Base Pay: ₹15,14,114 per year

Base Pay Increase: 10.87%

New Base Pay: ₹16,78,698 per year

The statement also shows a bonus outcome for the year.

Again, the percentage shown is specifically the base-pay increase. It should not be confused with an identical percentage increase in take-home salary or every part of total compensation.

December 2024

My December 2024 compensation statement shows:

Current Base Pay: ₹16,78,698 per year

Base Pay Increase: 5.2%

New Base Pay: ₹17,65,990 per year

The statement also records an additional May 2024 bonus payment of ₹101,631 and a separate bonus outcome.

This statement is useful because it shows that salary increases do not necessarily remain at the same percentage every year.

My Salary Hike Timeline

Here is the progression shown by these four compensation statements:

Period	Previous / Current Base Pay	Increase	New Base Pay
Dec 2021	₹12,62,814	10%	₹13,89,095
Jun 2022	₹13,89,095	9%	₹15,14,114
Dec 2022	₹15,14,114	10.87%	₹16,78,698
Dec 2024	₹16,78,698	5.2%	₹17,65,990

These figures come directly from my compensation statements.

What I Find Interesting About This Salary Timeline

Looking at several years together is more informative than looking at one increment letter.

The percentages changed from year to year.

I received:

10% in December 2021

9% in June 2022

10.87% in December 2022

5.2% in December 2024

This shows something important about career compensation:

Salary growth is not necessarily a straight line.

Some years can bring larger increases, while others can bring smaller adjustments.

My Base Pay Growth Over These Statements

Across the four statements, my base pay moved from:

₹12,62,814

to:

₹17,65,990

The overall increase between those two figures is:

₹5,03,176 per year

That represents growth of approximately 39.86% over the period represented by these statements.

This is a comparison of the base-pay figures shown in the statements and does not represent total take-home salary growth.

Why the Percentage Changed From Year to Year

A compensation statement from December 2021 explains that base-pay decisions considered factors such as an employee's position in the relevant pay range, skills and impact.

The June 2022 statement similarly describes decisions based on skills, impact and position in the pay range, and notes that the largest increases can occur with promotion to a new level.

The December 2022 statement also explains that base-pay budgets and increases can depend on local business, economic and talent-market conditions, as well as skills and business priorities.

By December 2024, the statement notes that reward decisions were being made in the context of the market, affordability and business outlook, with individual decisions considering market position, impact and skills.

These statements helped me understand that an annual salary revision is not simply a fixed percentage that everyone receives automatically.

Salary Hike Does Not Mean the Same Percentage in Take-Home Pay

The percentages shown in these documents relate to base pay increases.

That is different from monthly take-home salary.

A person's actual bank credit can be affected by other factors, including the structure of the compensation package, applicable deductions and variable or bonus payments.

Therefore, I would not use the percentages in this article to predict exactly how much another employee's monthly salary will increase.

Bonus and Base Pay Are Different

Another interesting part of the statements is the distinction between base-pay increases and bonuses.

For example, the December 2021 statement contains variable-bonus information and an additional payment outside the annual pay-increase cycle.

The June 2022 statement also includes a bonus outcome, while the December 2022 and December 2024 statements show bonus-related information separately from the base-pay increase.
This is why comparing only the headline salary-hike percentage can give an incomplete picture of an employee's overall compensation.

Why I Decided to Publish Multiple Years Together

I could have created a separate page for every compensation statement.

Instead, I prefer keeping these statements together because they tell a connected story.

A reader can see:

2021 → 2022 → 2022 → 2024

and understand how my base compensation changed across several review cycles.

This also makes the page more useful than four separate pages containing very similar explanations.

What My Compensation Statements Taught Me

One of the biggest lessons I learned is that salary progression should be viewed over several years.

A single appraisal percentage can look large or small depending on the previous year's number.

Looking at multiple statements provides much better context.

It also shows that bonuses and additional payments can vary independently from base-pay revisions.

Should You Compare Your Hike With Mine?

Not directly.

My compensation is specific to my career, role, employer, experience, skills and circumstances at the time each statement was issued.

Another IT professional can have a completely different salary progression.

Even employees in the same organization can receive different outcomes because responsibilities, skills, levels, performance and business priorities can differ.

These documents are therefore best used as a real-world example, not as a salary benchmark.

What to Look for in Your Own Compensation Statement

When you receive a salary revision statement, I recommend checking:

Current Base Pay

Increase Percentage

New Base Pay

Bonus or Variable Pay

Effective Date

Any additional reward components

Reading the complete statement is more useful than looking only at the percentage displayed near the top.

My Career Compensation in Perspective

These statements represent different points in my IT career.

For me, the most meaningful part is not simply the rupee amount.

The figures represent years of learning, increased responsibilities and continued professional growth.

A salary statement is one visible record of that progression.

Frequently Asked Questions

Are these real compensation statements?

Yes. They are my own historical compensation statements, with personal and identifying information removed or redacted before publication.

Which years are shown?

This page contains statements from December 2021, June 2022, December 2022 and December 2024.

What was my base pay in December 2021?

The statement shows a current base pay of ₹12,62,814 and a new base pay of ₹13,89,095 after a 10% increase.

What was my base-pay increase in June 2022?

The June 2022 statement shows a 9% increase, taking the base pay from ₹13,89,095 to ₹15,14,114.

What was my base-pay increase in December 2022?

The December 2022 statement shows a 10.87% increase, taking the base pay to ₹16,78,698.

What was my base-pay increase in December 2024?

The December 2024 statement shows a 5.2% increase, taking the base pay from ₹16,78,698 to ₹17,65,990.

Does the hike percentage equal the increase in take-home salary?

Not necessarily. The percentages shown here refer to base pay, while take-home pay can be affected by other compensation components and applicable deductions.

Why did my hike percentage change between years?

The compensation statements themselves indicate that factors such as skills, impact, market position, business conditions and available budgets can influence salary decisions.

Is my salary representative of all IT employees?

No. These are personal compensation figures from my own career and should not be treated as an industry-wide salary benchmark.

Why are the company and employee details removed from the images?

The documents have been redacted to protect personal information and identifying details while leaving the useful compensation information visible.

Final Thoughts

I have shared these compensation statements because I believe a multi-year salary journey tells a much more useful story than a single annual hike percentage.

My base pay progressed from ₹12,62,814 in the December 2021 statement to ₹17,65,990 in the December 2024 statement, with different salary-increase percentages along the way.
The four statements show that compensation progression can change from one review cycle to another.

For me, they are also a record of professional growth over time.

I hope these real-world examples help other IT professionals understand how a compensation statement can present base pay, percentage increases and bonus information and why looking at the complete document is more meaningful than focusing on one number.

Disclaimer: The compensation statements shown on this page are my own historical documents, published for educational and informational purposes after personal and identifying information was removed or redacted. The figures reflect my individual employment circumstances at the relevant times and should not be interpreted as current salary benchmarks or guaranteed compensation for other employees. Compensation and reward practices can vary by employer, role, level, location, performance and year.