Entry-level annual pay for engineers at Rs 4-12 lakh: Cognizant

New Delhi: Facing social media backlash over the Rs2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders.

The firm also faced social media ridicule for doling out annual salary hikes of as low as one per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance.