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Commission include in payslip

Swarup Paul (25 Points)

03 July 2024

my employer added around 35% commission of my ctc, does it worthy..

what will be the consequences

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (8258 Points)
Replied 08 October 2024

Whether the 35% commission addition is worthy depends on your individual circumstances and performance. However, I can outline some general consequences: Pros: - Increased earnings: A 35% commission addition can significantly boost your take-home pay. - Motivation: Commission-based structures can motivate you to perform better and achieve targets. Cons: - Uncertainty: Your earnings may fluctuate based on performance, making financial planning challenging. - Pressure: High commission targets can lead to stress and pressure to meet expectations. - Tax implications: Commission income may attract higher taxes, depending on your tax slab. To determine if the commission structure suits you, consider: 1. Your performance and confidence in achieving targets. 2. The company's industry, growth prospects, and stability. 3. Your financial needs and ability to manage uncertainty. 4. Alternative job offers or salary structures. It's essential to discuss your concerns and expectations with your employer to ensure alignment and understanding. You may also want to consult a financial advisor for personalized advice.

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (8258 Points)
Replied 08 October 2024

Whether the 35% commission addition is worthy depends on your individual circumstances and performance. However, I can outline some general consequences: Pros: - Increased earnings: A 35% commission addition can significantly boost your take-home pay. - Motivation: Commission-based structures can motivate you to perform better and achieve targets. Cons: - Uncertainty: Your earnings may fluctuate based on performance, making financial planning challenging. - Pressure: High commission targets can lead to stress and pressure to meet expectations. - Tax implications: Commission income may attract higher taxes, depending on your tax slab. To determine if the commission structure suits you, consider: 1. Your performance and confidence in achieving targets. 2. The company's industry, growth prospects, and stability. 3. Your financial needs and ability to manage uncertainty. 4. Alternative job offers or salary structures. It's essential to discuss your concerns and expectations with your employer to ensure alignment and understanding. You may also want to consult a financial advisor for personalized advice.

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