Latest news with #SouravDutta
Mint
11-06-2025
- Business
- Mint
‘50L is the new 10L': Post about salaries of techies in Bengaluru IT sector sparks debate
A post on X (formerly Twitter) questioning if ₹ 50 lakh per annum (LPA) has become the new ₹ 25 LPA in Bengaluru's booming IT sector has gone viral, triggering a lively discussion among tech professionals. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?' wrote user Sourav Dutta, prompting a wave of responses. Some users claimed that even a ₹ 50 LPA salary doesn't stretch far in the city's high-cost tech environment. '50L is the new 10L. Most earn 1 Cr+++,' one user remarked. Another chimed in, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.' However, not everyone agreed. Several users questioned the generalisation, asking for clarity on what comparison was being made. 'You should have some baseline, are you comparing 50LPA to 10LPA from 2005, 2015, or 2020?' one comment read. Others acknowledged that salary levels have risen, but pointed out that such packages are usually reserved for top-tier talent. 'In a way, yes, but only for top-tier professionals,' noted one response. The conversation also highlighted regional pay differences across India's tech hubs. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' one user noted, suggesting that Bengaluru's salary packages may seem inflated, but come with strings attached. Screengrab from the viral post. Adding to the discussion, a self-identified tech worker broke down the structure of such high compensation packages. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs [Restricted Stock Units] vested over 3–4 years,' they explained. The user noted that actual monthly take-home pay might be as low as ₹ 1.2 lakh, depending on stock performance and vesting schedules. Meanwhile, Bengaluru's status as a global tech powerhouse continues to rise. According to CBRE's newly released Global Tech Talent Guidebook 2025, the city's tech workforce has crossed the 1 million mark, making it the largest technology talent hub in the Asia-Pacific region. The report, as cited by news agency PTI, places Bengaluru alongside global tech giants like San Francisco, New York, and London, further cementing its role as a leading destination for IT talent.
Time of India
11-06-2025
- Business
- Time of India
Rs 50 LPA feels like Rs 25 LPA in Bengaluru: Are techies lying about salaries? Netizens unveil the truth behind fat paychecks
Netizens Weigh In With Personal Insights Salary Structure and Expectations In IT Sector Rising Living Costs and Regional Differences Bengaluru's Tech Market Hits Global Scale Once seen as a high benchmark in India's tech industry, the Rs 50 lakh per annum (LPA) salary has now come at the centre of a growing debate online. As living costs in Bengaluru rise, many professionals are beginning to question whether this salary figure holds the same value it once did.A viral post on X (formerly Twitter) from Sourav Dutta sparked the conversation, where he wondered whether Rs 50 LPA is simply the new Rs 25 LPA in the current job landscape. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC, or 50LPA is the new 25LPA. Can some techies confirm?' he post quickly gathered reactions from several users, many of whom claimed that such salaries no longer held the same weight they once did. '50L is the new 10L. Most earn 1 Cr+++,' one user commented. Another remarked, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.'Others offered a more nuanced view. Some pointed out that while Rs 50 LPA salaries are seen more often now, they are mostly linked to experienced or top-tier professionals. One response said, 'In a way, yes, but only for top-tier professionals.' Some also emphasized the importance of context when making such comparisons, asking whether the reference point was 2005, 2015, or contributors broke down the salary components. One user explained that high salary figures often include stock options or restricted stock units (RSUs) that vest over time. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs vested over 3-4 years,' they said, adding that actual in-hand salary could be much shift in hiring trends was also highlighted. A user stated, 'It can't be generalised, most entry-level software Engineers start with Rs 3-6 lacs per annum ( Infosys TCS ) and with GCCs this number goes from 10-25 lacs (Tier 1 colleges) per annum. With skills in mid-level, it reaches 30 lacs – 90 lacs. The industry is turning into a skill-based rather than an experience-based. Anyone with Agentic AI experience can ask for more than 1 Cr in the industry.'Another techie noted the diversity in salaries even among peers. 'It depends, Bengaluru has 10L+ IT employees, 90 per cent of them are on 2-3X of their years of experience, while 5-10 per cent employees are getting 4-6X. I know guys who have 10-12 years of experience and earning 20-25L and on other hand 5-year experience guys earning 60-70L also.'Many pointed to Bengaluru's steep cost of living as a major factor. A commonly cited estimate suggests that maintaining a comfortable lifestyle in the city now costs around Rs 36,000 per month for an average middle-class household. This has led to the perception that even seemingly high salaries are quickly consumed by housing, transport, and lifestyle users also highlighted differences across cities. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' said one user, emphasizing that the situation may not reflect the reality elsewhere in salaries continue to be debated, Bengaluru's position as a global tech powerhouse has solidified. According to CBRE's Global Tech Talent Guidebook 2025, the city's tech workforce has crossed the 1 million mark, making it the largest in the Asia-Pacific region. This scale mirrors other international tech hubs like San Francisco and London, making competition for skilled roles even tighter.
NDTV
11-06-2025
- Business
- NDTV
Viral Post On Buying Vs Renting A Home In India Sparks Debate: "One Day Your Landlord..."
Buying a house is often considered a lifelong dream and a major milestone. However, with property prices skyrocketing in major Indian cities over the past five years, many have been forced to opt for renting instead. The rent-vs-buy debate has been ongoing, with experts presenting valid arguments on both sides. While renting offers flexibility, lower upfront costs, and ease of relocation, buying provides stability and emotional security, particularly during life's uncertainties. For many, the decision is as much personal as it is financial. A viral post on X further fueled this discussion, sparking widespread debate. "Why would you buy a house when you can rent a ₹1.5Cr house for ₹40K/month? Let the landlord worry about paying his EMI while you relax and pay your SIP," the post by investor Sourav Dutta read. See the tweet here: Why would you buy a house when you can rent a ₹1.5Cr house for ₹40K/mo? Let the landlord worry about paying his EMI while you relax and pay your SIP. — Sourav Dutta (@Dutta_Souravd) June 8, 2025 A user responded to the tweet with a thought-provoking counterpoint, sparking a lively online debate. "One day your Landlord will call you and tell you to increase rent by 50% or leave, and you've a pregnant wife or unwell parents at home. That day, you will realise that having your own home to stay is much more valuable than SIP and CAGR calculation on an Excel sheet," he wrote in response. One day your Landlord will call you and tell you to increase rent by 50% or leave and you've a pregnant wife or unwell parents at home. That day you will realise that having own home to stay is much more valuable than SIP and CAGR calculation on excel sheet. — EngiNerd. (@mainbhiengineer) June 8, 2025 The post drew varied reactions, with many users supporting the idea of homeownership and sharing their own insights. One user wrote, "He forgot to take the property price increment into account. The same house will cost ₹15 crore after 20 years. Rent will also increase every year by 5%." Another commented, "Own house is a necessity and responsibility for our future generations, it can't be compared with other things." A third said, "Once you're married and have kids, not amount of return makes sense than staying in your house with a peaceful mind. One house is must, after that keep playing SIP and MF." A fourth added, "Where on earth are these SIP fanatics planning to live after retirement? Think of the EMI as your rent, but with one key difference: any additional income or savings you put in reduces your principal. In the end, you fully own the house and have a secure place to live during retirement."
News18
11-06-2025
- Business
- News18
Bengaluru Techie Feels ‘50 LPA Is The New 25 LPA' In The City
Last Updated: According to a report by on average, a person in Bengaluru earns around Rs 27.2 Lakh per year. Bengaluru, the IT Capital of India, has long been regarded as one of the most expensive cities in India for middle-class families, with studies indicating a monthly cost of living of around Rs 36,000 for a comfortable lifestyle. This rising cost of living significantly impacts individuals' financial stability and well-being, affecting their ability to afford essential needs and plan for the future. Amid this, a post from a techie has gained traction on social media, highlighting whether the Rs 50 lakh per annum (LPA) package has become the new Rs 25 LPA in the IT hub. Taking to X, a user wrote, 'I hear so many people earning 50LPA in the Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?" I hear so many people earning 50LPA in Bangalore IT they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm? — Sourav Dutta (@Dutta_Souravd) June 10, 2025 The post instantly grabbed the attention of the audience, prompting many to share their reactions. Some users claimed that even Rs 50 LPA doesn't mean much anymore in the city's high-cost tech ecosystem. An X user commented, 'It is the new 25 LPA. At 40, it will be strange if you are not earning 50." Another one wrote, '50L is the new 10L. Most earn 1Crs+++." One of them shared, 'It depends, Bengaluru has 10L+ IT employees, 90 per cent of them are on 2-3X of their years of experience, while 5-10 per cent employees are getting 4-6X I know guys who have 10-12 years of experience and earning 20-25L and on other hand 5-year experience guys earning 60-70L also." 'In a way, yes, but only for top-tier tech professionals," a comment read. Another one reads, '50L is 5LPA of 2015, 10LPA of 2020." A person wrote, 'Generally, people with over 5 years of experience can land it, but it heavily depends on negotiation skills, experience, and the college they graduated from." According to a report by on average, a person in Bengaluru earns around Rs 27.2 Lakh per year.
Hindustan Times
11-06-2025
- Business
- Hindustan Times
‘50 LPA is the new 25 LPA?': Bengaluru tech salary debate sparks mixed reactions on X
A post on X questioning whether ₹50 lakh per annum (LPA) has become the new ₹25 LPA in Bengaluru's IT sector has gone viral, sparking a debate among tech professionals. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?' asked Sourav Dutta, kicking off a flurry of responses. Some users claimed that even ₹50 LPA doesn't mean much anymore in the city's high-cost tech ecosystem. '50L is the new 10L. Most earn 1 Cr+++,' one user posted. Another added, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.' However, others pushed back against the sweeping generalisation, questioning the reference point. 'You should have some baseline, are you comparing 50LPA to 10LPA from 2005, 2015, or 2020?' one asked. (Also Read: Bengaluru metro trains wrapped in advertisements to boost revenue, commuters say 'ruined the look') A few users acknowledged the rise in salary levels but emphasised that such pay packages are typically reserved for senior or top-tier tech professionals working with global firms. 'In a way, yes, but only for top-tier professionals,' noted one response. The debate also brought up regional salary disparities. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' wrote a user, highlighting the perception that Bengaluru offers inflated packages, albeit with caveats. One self-identified techie broke down the composition of such high salaries, explaining that much of the ₹50 LPA packages are often tied up in stocks. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs [Restricted Stock Units] vested over 3-4 years,' they said. They pointed out that the in-hand monthly salary could be as low as ₹1.2 lakh, depending on stock performance and vesting schedules. On the other hand, Bengaluru has firmly established itself as one of the world's top technology hubs, joining global giants like San Francisco, New York, and London, according to CBRE's newly released Global Tech Talent Guidebook 2025, as reported by news agency PTI. The report highlights that Bengaluru's tech workforce has surpassed the 1 million mark, making it the largest tech talent market in the Asia-Pacific region. (Also Read: Bengaluru's tech workforce crosses 1 million, ranks among top 12 global hubs)
