Infosys Recruitment | PaGaLGuY

Jobs & Careers
124

Hi Chinmay!

Me too a fresher...joining in Aug...can u elaborate bout the pay package hike for freshers!!



chinmay686 Says
No more rumours!!!confirmed hike in salary...a different pattern for new joinees based on their training performance...cant post the details though..PM me if u want to..BTW me also 4m infy...
125

Hi All
I am an Infoscion and as my memory permits, i guess it is well stated in your offer letter about the emoluments which you shall be getting once you join in Infy.
Also note that there is a huge difference between the first year salary and the hike you get after the completion of first year.
I got an hike of 6k after the first year:-)

And as far CAT preparation goes, go ahead and prepare for CATwhile you are in Infy because in any case, your aim is to do MBA and not to stick to Infosys




Hi Chinmay!

Me too a fresher...joining in Aug...can u elaborate bout the pay package hike for freshers!!
126

Hi guys,

Infy again shines----being the only indian company to be in the "Wired 40" of the world list.

Go ahead n check out

http://inhome.rediff.com/money/2005/may/02infy.htm?q=hp&file;=.htm

127

Thts really nice guys...



Hi guys,

Infy again shines----being the only indian company to be in the "Wired 40" of the world list.

Go ahead n check out

http://inhome.rediff.com/money/2005/may/02infy.htm?q=hp&file;=.htm
128

Hi Friends
This is to inform you that :-
Yesterday there was a meeting in infosys technologies regarding salary hike for freshers Trainees. and it was confirmed that there will be a salary hike of 9% on gross and therefore the salary will be Rs 16155.

However there will be a salary increase based on TPI (Training Performance Index) according to which u may get the hike of 12.5 % or 8 % or 3.5 % but the things are not finalized in this meeting.

Enjoy
Bye

129

Hi guys!!
Congratts!! to all future INFOSCIONS for the salary hike!! Hey but i feel this still hjas to be authenticated (hope it gets so!!).

So till then keep ur fingers crossed!!
ATB

130

Hi all

The news about the salary hike is a fact and you can trust me as i am an Infoscion:-)

So, enjoy with the extra bucks..

131

Arrey bhai log it is true

infy has increased its pay packages and your in hand sal wud be somewhere around 17-18 k

132

hi guys!

Its really heartening to hear such sal hike for freshers (like me...joining 8 Aug). But wat is the clear picture...hike is confirmed...ACCEPTED!! But wats the exact Take home salary???
Some saying 16kpoint something, some 17k. As far as i know it wasRs 11,800 earlier for freshers, rite?? wat wud be now?? TAKE HOME / IN HAND sal...

Robin

Arrey bhai log it is true


infy has increased its pay packages and your in hand sal wud be somewhere around 17-18 k
133
hi guys!

Its really heartening to hear such sal hike for freshers (like me...joining 8 Aug). But wat is the clear picture...hike is confirmed...ACCEPTED!! But wats the exact Take home salary???
Some saying 16kpoint something, some 17k. As far as i know it wasRs 11,800 earlier for freshers, rite?? wat wud be now?? TAKE HOME / IN HAND sal...

Robin


When I joined as a fresher in Infy my gross was 17.8K (I had got in through the campus recruitment thats why it was higher than the pay given to guys who got in thru walk ins) and the take home was around 13K. That shud give u an idea of the take home sals. Unless ur gross crosses 21K there is no way u can get take home of more than 15K.
134

Ok..let me clear this salary picture...you can account on me as i am working with Infosys for two years now...
Till the batch of July 2004(the batch which joined the training in July), the initial salary offered was 17.8K( GROSS SALARY) p.m. and it was same for both the campus recruitees as well as outsiders.
After this period, the salary was reduced to 14.5K PM (GROSS) and again it was same for the campus recruitee as well as outsiders.

Now coming to the million dollar question....CARRY HOME SALARY...well it all depends how you invest to save the INCOME TAX...if you are aware and start planning from the beginning, then you will get the following salaries:
for 17.5k....you will get around13.5 to 14.2
for 14.5K...you will get around 10K to 11k....it all depends how you make plans to save the tax.

Now there has been a salary hike but in two steps: for initial training period it is 19% increase on 14.5K and after the training period, it will be 12.5 or 8 or 3.5 % increase, depending upon your performance.
So lets say,if your gross touches 17-18K, you will get just 13.5 to 14K in hand.

A word of advice: DO PLAN FOR INVESTMENTS TO GET A REASONABLE SUM IN YOUR HAND, ELSE YOU WILL GIVE AWAY ALL YOUR MONEY IN THE TAX


orca Says
When I joined as a fresher in Infy my gross was 17.8K (I had got in through the campus recruitment thats why it was higher than the pay given to guys who got in thru walk ins) and the take home was around 13K. That shud give u an idea of the take home sals. Unless ur gross crosses 21K there is no way u can get take home of more than 15K.
135

Hi Senors

It came in a newspaper that emplyee stock options are open again and if they are, are trainees also included?
And how economical are they at the Infy's offer prices vis-a-vis the market prices?
What about the taxation system on these stocks? Please enlighten...

136

hi fellas!
a future infoscion to join in aug. can anyone clear the concept of salary hike and how much it is??

137
Ok..let me clear this salary picture...you can account on me as i am working with Infosys for two years now...
Till the batch of July 2004(the batch which joined the training in July), the initial salary offered was 17.8K( GROSS SALARY) p.m. and it was same for both the campus recruitees as well as outsiders.
After this period, the salary was reduced to 14.5K PM (GROSS) and again it was same for the campus recruitee as well as outsiders.


I am going off topic here but cudnt resist clarifying on this. I joined as a fresher in Aug 2003 at Mysore. In our batch all guys who were campus recruits were drawing 17.8K gross and those thru walk ins were drawing 14.5K. Ours was the last training batch which had such differential sals, from then on Infy paid 14.5K to freshers irrespective of whether they got in through campus recruitment or walk ins.

Now coming to the million dollar question....CARRY HOME SALARY...well it all depends how you invest to save the INCOME TAX...if you are aware and start planning from the beginning, then you will get the following salaries:
for 17.5k....you will get around13.5 to 14.2
for 14.5K...you will get around 10K to 11k....it all depends how you make plans to save the tax.


Agree about the investing and tax planning part but it makes more sense to quote the take home figure without investments so as to give the peeps the actual picture. As I said for 17.8K gross ur take home will be between 13-13.3K (assuming u dont make any tax saving investments).

Now there has been a salary hike but in two steps: for initial training period it is 19% increase on 14.5K and after the training period, it will be 12.5 or 8 or 3.5 % increase, depending upon your performance.
So lets say,if your gross touches 17-18K, you will get just 13.5 to 14K in hand.


Am no longer in Infy so am refraining from saying anything on the salary hikes.

Yra Says
A word of advice: DO PLAN FOR INVESTMENTS TO GET A REASONABLE SUM IN YOUR HAND, ELSE YOU WILL GIVE AWAY ALL YOUR MONEY IN THE TAX


Bang on target here.
138

Hi..

I'll be joining Infosys on 19th of September, at Mysore..

Anybody else who may be joining around the same time?? Please do post here, or PM me..

You can also join the group [email protected]

Or visit the group site ...

http://groups.google.co.in/groups?q=infosys-2005&hl;=en

or

http://groups.google.com/groups?q=infosys-2005&hl;=en

Atul.

139

hi

Guys I am in a serious problem, I joined syntel on 10th May, but today I recieved an offer from infosys to join on 23rd may.
Syntel has a one year bond but we haven,t signed the agreement yet.
Is it possible to leave syntel now ,will I get a relieving letter from syntel so soon.
please help , i don't have much time

140

Hi shivyog!

look u u havnt signed the agrement in Symtel then wats the issue?? bout the relieveing letter...why r u bothered bout tht...jst 4get it..u dont have to show in infy tht u were wrking somewhere prior to infy...neither u wud ve gained some really fundoo wrk exp in jst 4 days..So chill n think bout infy only!!

And yes!! Issues will b diff if u r thinking nt only bout the joining dates etc, but also bout comparing the companies n related issues...

hi

Guys I am in a serious problem, I joined syntel on 10th May, but today I recieved an offer from infosys to join on 23rd may.
Syntel has a one year bond but we haven,t signed the agreement yet.
Is it possible to leave syntel now ,will I get a relieving letter from syntel so soon.
please help , i don't have much time
141

hi robin thanks 4 the reply

but what do mean by issues would be diff if i compare the companies,
is it better to stay with syntel than joining infy?

142

once been to infy mysore campus...
heaven heaven .....
absolutely fantabulous..
now infy has even inc the payscale...
no comparison whatsoever

143

in my opinion (n i think in most of the opinions) infy is better than Syntel..but the final call will be urs only...n yes Mysore campus is nothing less than heaven dude!!

hi robin thanks 4 the reply


but what do mean by issues would be diff if i compare the companies,
is it better to stay with syntel than joining infy?