Introduction to Newgens Salary Structure and Technology Options

Newgens offers a monthly in-hand salary package of approximately 28,000 to 30,000 INR from a 4.25 LPA (Lakhs Per Annum) annual package. Understanding the salary structure and the options available for technology selection after training can help candidates make informed decisions about their career path. This article aims to break down the Newgens salary and provide insights into technology options.

Breakdown of Newgens Monthly Salary

The calculation of the monthly in-hand salary from the annual package involves a series of steps. Firstly, the annual package is converted into monthly figures, followed by deductions such as taxes, provident fund, and other possible deductions.

Annual Package: 4.25 LPA 425,000 INR

Monthly Salary Before Deductions: 425,000 INR / 12 months ≈ 35,416.67 INR

Typical Deductions: 10 to 30%, with an average of around 20%

Monthly Deductions: 35,416.67 INR - 35,416.67 INR * 20% ≈ 7,083.33 INR

Estimated Monthly In-Hand Salary: 35,416.67 INR - 7,083.33 INR ≈ 28,333.34 INR

Based on actual deductions, the estimated in-hand salary could vary between:

28,000 INR to 30,000 INR per month Since this is an approximate breakdown, it's essential to check the contract terms for accurate information.

Technology Options After Training

Newgens predominantly works with Java, leading most candidates to work on that technology stack. However, the company occasionally offers onsite assignments which pay more, and these are tax-free. The selection of technology to work on is not always based on candidate preferences but rather on project needs. It’s important for candidates to understand that interdepartmental transfers are rare. Newgens rarely prioritizes candidates' technology preferences. The following sections outline the basic salary break down and technology landscape at the company.

Basic Salary Breakdown

The given salary components include: Basic: 9,250.00 INR HRA (House Rent Allowance): 4,625.00 INR Other Allowances: 11,860.00 INR VPPI Individual: 3,003.00 INR Conveyance: 1,600.00 INR Bonus: 1,400.00 INR With these components, the net salary payable is approximately 30,508.00 INR. However, this breakdown may vary based on individual contracts and other factors.

Onsite Assignments for Additional Earnings

Onsite assignments often provide a more lucrative earning potential, especially for those who can secure them. At the entry level, the earnings from onsite work are comparable to the regular salary, and all of that is tax-free.

Technology Landscape at Newgens

Newgens primarily focuses on Java, with occasional projects involving other technology stacks. PES (probably a department or a project) has projects in varied technology stacks, but this is not commonly seen in other departments.

Conclusion

Understanding the Newgens salary structure and technology options is crucial for potential employees. While the primary focus is on Java, there are opportunities to work on a variety of technologies, especially through onsite assignments. Candidates should explore their options and consider these factors in their decision-making process.