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25L (4 PQE) - AM
32L (6 PQE) - M
40L (8 PQE) - SM
52L (11 PQE) - AD
1.25 CR + Stock options ( 15 PQE) - VP (head legal)
Even the maximum tax rate, applicable to income above 5Cr is ~39% now. Even at 1Cr, your marginal tax rate is not 35% after considering the surcharge.
https://images.app.goo.gl/RhWz5c3745JGjEws7
Job changes have helped in increasing the paycheque. The latest job is for an MNC who gave me a 100%+ hike.
Basically think of any sector with a lot of non-Indian owned companies they are used to paying obscene USD fees so they pay a lot to inhouse resources.
Where as in other sectors such as IT, Manufacturing basically wherever legal is seen as a cost and not actually helpful salaries are low and hikes are poor you can only get a good hike when switching or where the company is really desperate.
12 LPA - cash in hand. CTC around 15 LPA.
Internship
Anonymous connect
PQE 0-4 - 10-20L
PQE 4-7 - 15-35L
PQE 7-10 - 35-60L
PQE 10-15 - 60-120L
PQE 15+ - 80-350L
All salaries subject to 35% tax above 15L.