India wfr compensation looks like below.
India separation plan format is :
Total CTC = X
Total monthly salary (Y) = X/12
Daily salary (Z) = Y/30
Number of days of service = A
No of days salary to be paid (B) = A/24
Hence separation payment to be paid = Z * B .
Is the severance Pay taxable in India... ? Also what about Gratuity ? Is it based on CTC or Basic + FBP ?
As per payroll / Excelity global team : The final settlement will take 21 working days from the date of last sign off.
@UJ1h5Ut-rlbe Thanks for starting this thread and encouraging others to share their thoughts. There is a big world outside of DXC and the clowns that run the circus.
I started this thread after being wfr'ed in India. Got three months notice to leave. Got job outside with 30 percent of hike within 1 month. Joined immediately the next company within a week. Hence got good lump sum amount wfr payment plus extra 2 months salary. Happy with that. Guys, get out this, outside world is pretty cool. The current situation at DXC doesn't permit a healthy atmosphere to work. All the best to all of you.
They mentioned within 21 to 30 days wfr compensation is being paid within settlement amount.
How soon the wfr compensation is paid
For every DXC employee that is made redundant then Mikey earns a bonus. Who is the winner? The employee cos they leave the wretched company which is doomed.
Yes tax will be deducted and paid.
its a continous process now....India centers are first in the list now... inefficient and lazy workers...
60% reduction in India by March 2019
2auh - I worked with a UK bloke for a number of years who began his CSC career with constant "that's no my job" work avoidance... he subsequently was promoted several times and is still working at DXC as a manager. Says a lot.
Are taxes deducted before you get the separation payment?
yes, the calculation mentioned is correct. I am part of the WFR and got similar deal
Can anyone else from INDIA confirm if the below calculation is correct:
India work force reduction (separation) plan
India wfr compensation looks like below.
India separation plan format is :
Total CTC = X 850000
Total monthly salary (Y) = X/12
Daily salary (Z) = Y/30
Number of days of service = A
No of days salary to be paid (B) = A/24
Hence separation payment to be paid = Z * B
2exf - I've no idea if your the poster stating "curry munchers". Im British' white love curry and I've came across UK staff also with the response of "sorry it's not my job" I l do know where your coming from but it's not purely an Indian response so please dont down a whole race on a few bad experiences.
Getting back to the thread we're all in the unfortunate place of being employed by DXC at the moment and looking to try and get out in the most beneficial of ways possible. I wish you all the best in that endeavour also.
"We're not all racist pr!cks." not racist most of the India people I worked with at DXC , say its not my job, always push back and if it's not scripted they are lost. It's not racist its fact!
2gsk - UK here. We're not all racist pr!cks. Lot of good Indian folks I've had the pleasure of working with in CSC/DXC.
Quite a few US and UK T@sser I wish I'd never came across.
Hope who ever is impacted in India finds a way out of this sht!tfest. As I do for my UK and US colleagues.
I'm nearly out thank fcuk.
KARMA .... took all the IT jobs from the UK and US. Don't deserve any pay off !
Take your WFR money and run. This american company is no good anyway.
Indians ?
Who cares?