Page 2 - Salary

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

60% of Indian employers plan to use AI for salary benchmarking, rewards: EY

India Inc. expected to witness average salary increase of 9.4% in 2025, says wide-ranging report

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

Meta cuts down stock options for staff despite trading at record highs

In January, the Facebook parent said it would trim about 5 per cent of its "lowest performers" and plans to hire for the impacted roles this year

Earning individuals in India spend over 33% of monthly salary on EMI: Study

A significant 62% of discretionary spending is directed toward lifestyle products, including fashion and personal care items.

Amid global uncertainty, salaries in India to rise by 9.2% in 2025: Aon

Salary increments are also projected to vary across industries with engineering design services and auto/vehicle manufacturing budgeting for the highest pay increases

Income Tax Bill 2025 to replace 1961 Act, introduces concept of 'tax year'

Deductions from salaries, such as standard deduction, gratuity, and leave encashment, have now been consolidated in one section instead of being scattered across various sections

Union Budget 2025: Middle class awaits Sitharaman, memes take over

As Nirmala Sitharaman prepares to present Budget 2025, the middle class waits for relief - but the internet's faster, with memes stealing the spotlight before the budget drops

Payday surprise: Chinese company swaps salaries for gift vouchers instead

A Chinese firm has sparked outrage after paying employees in gift vouchers instead of cash. The move, which offered vouchers for use at select stores, has triggered an investigation

Govt approves 8th Pay Commission ahead of Budget 2025: What we know so far

The current pay commission, which helps determine govt employee's salaries, allowances, and pensions, is set to end in 2026

Salary, wage expenses growing faster than revenues for India Inc

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

Tax filers earning over Rs 1 cr surge 5X in 10 years; returns double

Salaried individuals account for nearly 52 per cent of those declaring income exceeding Rs 1 crore in the most recent assessment year, according to data released by the tax department

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist

Centre likely to announce 3-4% DA hike for employees ahead of Diwali

The potential increase in Dearness Allowance is expected to bring a financial boost to government employees

SpiceJet settles salary dues following successful Rs 3,000 crore QIP

SpiceJet's financial woes have been compounded by its inability to secure additional funding, resulting in defaults on lease payments for its aircraft

High-paying jobs in India: What does it take to get into that club

Why the best-paid professions in 2024 stand out compared to other more modest roles

Govt flags Rs 3.2 crore variable pay to IIM Rohtak director, seeks probe

The ministry's internal audit wing has flagged irregularities, stating that the IIM Rohtak director's pay exceeded 200% of his fixed salary, breaching standard practices

GCCs in India offer 12-20% higher tech salaries than IT services firms

Another 800 GCCs are expected in the next 5-6 years, boosting India's role as a global tech hub, with many in Tier-II cities like Kolkata, Ahmedabad, and Vadodara, promoting local employment

Rs 2.52 LPA for freshers, how Cognizant hikes salaries for existing employees

IT Giant Cognizant faces backlash over salary hikes. After offering Rs 2.52 lakh per annum to freshers, the US-based company is in the spotlight for its minimal salary hikes.

Imams of Delhi WAQF allege non-payment of salary, demand investigation

Government's substantial grant to the WAQF board has not helped in timely payments for the Imams