Page 9 - Salary

India Inc figures out new salary structures to meet labour codes

The new definition under the Code of Wages, 2019, includes three components: Basic pay, dearness allowance and retention payment.

Decoding 15th FC's estimate of mismatch in two sets of salary income data

The Commission asserts salary incomes shown by taxpayers are understated by 50%, finds scope to extract more direct tax by chasing evasion without changing tax rates; experts aren't convinced

Average stipend payout likely to witness 3% growth in 2021: Report

The average stipend payouts for apprentices, which witnessed a positive growth in 2020 despite pandemic-related disruptions, are expected to rise over 3 per cent in 2021, according to a report. Despite the disruption caused by the pandemic, the average stipend payouts for apprentices had witnessed a growth in 2020 and this positivity is expected to continue even in 2021, according to the report titled 'Stipend Primer' by the National Employability Through Apprenticeship Programme (NETAP), a TeamLease Skills University. The average stipend payout is expected to witness more than 3 per cent rise this year, it added. The report is based on the stipend earnings between January 2018 and October 2020 across 1,50,000 NETAP apprentice associates employed in organisations across 12 cities. As per the report, in the manufacturing sector, apprentices in the electrical & electronics and healthcare & pharmaceuticals industries saw a positive 2020. Apprentices in the electrical & ...

Third of oil, gas workers faced pay cut in 2020 due to Covid-19: Survey

Salaries in the sector are closely tied to oil prices, which plummeted last year as lockdowns slashed demand for fuel

G20 determined to use all tools to contain pandemic, save jobs, incomes

A final joint statement will be released by leaders from the United States, China and other Group of 20 nations after they meet by video conference on Saturday

Maharashtra transport employees to get pending salaries before Diwali

In a big relief for employees of the Maharashtra State Road Transport Corporation (MSRTC), the government on Monday decided to disburse their pending salaries for two months before Diwali

Mistakes you should avoid while filing your income-tax return this year

An incorrect form can render the return defective; under certain circumstances, you may have to file a return even if your income is below the exemption limit

5 Delhi's Hindu Rao Hospital doctors begin hunger strike over salary dues

Five resident doctors of the North Corporation-run Hindu Rao Hospital here began an indefinite hunger strike on Friday over non-payment of salary for the past three months. The doctors, who sat in front of the hospital's main gate, said they have no other option as verbal assurances won't feed them. Members of the Resident Doctors' Association (RDA) of the Hindu Rao Hospital (HRH) have been protesting for the past several days and demanding the release of their salary for the last three months. "Five resident doctors of HRH have gone on a hunger strike starting today evening as our demands are not being heard," a senior official of the RDA said. Neel Chakra Sahu, one of the five doctors sitting on hunger strike, said, "Verbal assurances won't feed us, we need concrete actions. We have no other option but to do this." Doctors of NDMC-run Kasturba Hospital and Rajen Babu Tuberculosis Hospital have also been protesting over non-payment of salary. Sporting black armbands and shouting

DU admin seeks to discuss non-payment of grants with govt; gets no response

However, the Delhi government denied the charges, saying they have not received any appointment request from the varsity's side

Taxes taking a bite out of your salary? Use Section 197 to manage cash flow

Only payments made after submission of this certificate are eligible for lower or nil tax rate

Salaried class pours, informal workers pare pension money: PFRDA data

Contributions towards pension rose as new subscriber growth fell in April-July

SC disposes of plea seeking timely payment of salaries to medics

The Supreme Court on Wednesday disposed of a plea seeking timely payment of salary to doctors and healthcare workers, citing that the Delhi High Court was already on the matter.

Average salary increment falls to 3.6% current fiscal, says survey

Companies doled out an average salary increment of 3.6 per cent in the current fiscal compared to 8.6 per cent in the previous financial year amid the coronavirus pandemic, according to a survey. The survey by leading consultancy Deloitte Touche Tohmatsu India LLP showed that timing and potential impact of COVID-19 were the two most important factors that affected increments in 2020-21. "Organisations that had already decided their increments before the start of the lockdown in March 2020 have given a higher increment compared with others. Moreover, organisations expecting a decline of more than 20 per cent in revenue in FY 2020-21 due to COVID-19 have given much lower increments," the survey released on Monday said. A nationwide lockdown was imposed from March 25 to curb the spreading of coronavirus infections and in late May, authorities started to relax the restrictions. However, various restrictions continue in some states in the wake of rising number of coronavirus cases. ...

ixigo reinstates salaries, grants discounted ESOPs to staff as compensation

The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees)

Fears about India's retail loan defaults overblown, says Macquarie

"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note

The bigger impact of cuts in basic salary: Your gratuity may take a hit

If your basic and DA have been cut, total amount will be adversely impacted

Covid-19 crisis: Hindustan Unilever's crorepati club shrinks by 10% in FY20

HUL's permanent employee base in FY20, for the record, stood at 7,082, an increase of 25 per cent over the previous year.

Telangana govt to pay 50% salary to staff for third consecutive month

The government noted that the relaxations extended to sectors like the transport and the stamps and registrations from the lockdown restrictions had not made any substantial difference

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

Re-evaluate the tax regime you've chosen if your salary has changed

For different income levels, there are different break-even deduction points. If you can avail of higher deductions than that, stick to the old regime