Wipro Chief Executive Abidali Z Neemuchwala's salary jump comes at a time when the Bengaluru-based IT major reported a 37.74 per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,483 crore for the fourth quarter ended March 31, 2019.

Neemuchwala received Rs 6.29 crore in gross salary, Rs 1.70 crore in variable pay, Rs 10.2 crore in other annual compensation with other addition perks, taking his total compensation to Rs 18.23 crore for FY2017-18.

Neemuchwala -- who was paid in US dollars -- received an equivalent of Rs 6.29 crore in gross salary, Rs 1.70 crore in variable pay, Rs 10.2 crore in other annual compensation along with other perks, taking his total compensation to Rs 18.23 crore for FY18.

Wipro Chairman Azim Premji's pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year.

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During the fiscal, Premji was paid $69,173 in salary and allowances, $5,13,296 in commission, $91,452 (other heads) and $93,764 as long-term compensation (deferred benefit).

IT giant Wipro's Chairman and Managing Director Azim Premji saw his remuneration falling by nearly one-third to Rs 1.9 crore last fiscal, but the group's IT business CEO T K Kurien's pay package grew over five times to Rs 4.5 crore.

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Net income from sales during the reporting quarter stood at Rs 9,094.5 crore, against Rs 7,730.5 crore in Q2, FY'11, translating into a 17.64 per cent increase.