Detailed analysis of a pesto grad, in terms of the money they make OR we can say Here is complete Pesto Tech Reviews 2022:
Let's do some math before you decide you want to join pesto.
If you are making 15LPA. You'll be paying these taxes as of 2019-2020:
1) Up to Rs 2.5 lakh | Nil
2) Rs 2,50,001 to Rs 5,00,000 | 5% of (total income - 2,50,000) + 4% cess
3) Rs 5,00,001 to Rs 10,00,000 | 12,500 + 20% of (total income - 5,00,000) + 4% cess
4) Rs, 10,00,001 and above | 1,12,500 + 30% of (total income - 10,00,000) + 4% cess
We will remove "cess " and the fixed charges aside and look only for 5, 20, and 30 percent to not spook you out.
Total income | 15,00,000
Pesto charges | 17% of 15,00,000 = 2,55,000
Your actual salary | 15,00,000 - 2,55,000 = 12,45,000
30% tax above 10LPA | 30% of 2,45,000 = 73,500
20% tax above 5LPA | 20% of 5,00,000 = 1,00,000
5% tax above 2.5LPA | 5% of 2,00,000 = 12,500
Total tax deductions | 1,00,000 + 73,500 + 12,500 = 1,86,000
Your take home salary | 12,45,000 - 1,86,000 = 10,59,000 RS
Latest Pesto Tech Reviews 2022 : How pesto works?
1) The actual money you will ever make is 10,60,000 with a 15LPA package.
2) Pesto charges you more than the government does. This may change after calculating with cess and fixed charges. Also, pesto caps at 20,00,000 and if you earn way too much, you'll not have to worry too much.
3) A guy making 13LPA without pesto takes home a lot more than you do.
4) Your expected monthly salary of 15LPA/12 = 1.25LPA is approx half of what pesto charges you PA. This means you are ready to work for two months and give whatever you earn to pesto—expanding this logic. You will be working for pesto for approx six months for the next three years.
This is not too much but compounded with your unemployment period while at pesto (on the website, it says three months for training + 2 months to get a job) with you five months of spending added. This means you will dedicate one year of your life entirely to pesto. That is a lot of time and money. People can achieve a lot of things in a year.
Pesto Tech Reviews 2022 - How pesto is made?
Suppose you are an avg Engg. With salary 3-5 LPA. And you have a budget enough for five months to live without a paycheck. And you do not have to support your family at all (5 months are advertised, we don't know the reality yet). I think this is for you.
Suppose you are above avg Engg. With salary 8+. This is not for you. We saw that the benefits you could get in the worst case are quickly achieved by asking for a raise or switching jobs.
Suppose you are fresh out of college. And you do not have to work immediately. This is an excellent opportunity for both avg and above avg engineers.
For all great engineers, all you need is a salary increment. I assume you already have a 10+ LPA package. You can look up jobs in angel list, SO, LinkedIn, company websites, referrals, hacker rank/earth, etc. And I don't think it should take three months to land a 15LPA job if you decide to do it with your current job; six months max to land you an excellent job without taking any risks. You also save working two months for pesto every year.
For everyone else earning a meager income and willing to take a risk (which may be worst for you guys), you can give it a try. For people with a 15LPA+ salary, you are already smart enough to know you can get a job and have enough skills. But do not be too ambitious; something that seems too good to be true probably is not.
Pesto Tech Reviews 2022 - Conclusion: Should I join Pesto?
ISA-based placement is better than paying first consultancies. Also, some consultancies charge you no money to get you a job and instead take it from the employer/company.
I may be wrong here, but it does not impact the company as much as it affects you as an individual when you do not get a good job.
They may lose 2,45,000 for another year or two. You will have to pay them up eventually, no matter what. Anything above or equal to 15LPA is charged even after 2,3,4 years.
I also found inconsistency in their website for when do they charge. They have written above 15LPA in one place and equal 15LPA in the other.
They are not serious about being transparent as they claim; they should have checked these things thoroughly.
Three years of commitment is not a happy ending. I think after a few months of payment, it will seem like a burden, and you may think to evade it, just like taxes.
A bonus with taxes is you can claim deductions with different sections—nothing as such in ISA. You will have to pay them even if your mother is sick and need money for yourself. This is my Pesto Tech Reviews.
For other students Pesto Tech Reviews Refer link : QUORA
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