Salary

Money-happiness link accelerates at nearly $100,000-a-year salary

Scientists debunk theory that the relationship starts to 'flatten' beyond an income of $60,000 per annum

Explainer: Are you eligible to opt for a higher pension from EPS?

What happened in the 2014 amendment? What did the Supreme Court say in its judgement? And above all, are you eligible for the scheme? This explainer tries to answer all these queries

Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Without salary for over a yr, HEC employees seek redressal, may move court

Around 1,300 staff of Heavy Engineering Corporation (HEC), the PSU that some years ago built a launch pad for ISRO, have not been paid their salaries for over a year forcing them to live in penury, and now they have threatened to move court if the issue is not addressed soon. The employees alleged that because of this situation, they are unable to pay their children's education fees or treat ailing family members properly, and some of them including officers have started selling fruits or tea to make both ends meet. Workers and officers of the Ranchi-based PSU have formed a combined forum, HEC Adhikari Evam Karmachari Jankalyan Sangh, to fight the battle. Its president Prem Shankar Paswan told PTI that they have drawn the attention of President Droupadi Murmu, Prime Minister Narendra Modi, Chief Justice of India D Y Chandrachud, the NHRC and others to their plight through emails on January 23. If our problem is not resolved soon, we will have to move court in February, Paswan ...

Best of BS Opinion: Balance of powers, the growing divide, and more

Here is the best of Business Standard's opinion pieces for today

India Inc likely to see 9.8% hike in salary in 2023, finds survey

The survey that covered 818 organisations with more than 800,000 incumbents noted that salaries are set to increase by 9.8 per cent in India in 2023

No proposal for restoration of old pension scheme: Bhagwat Karad

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004. In a written reply, Karad said, the state governments of Rajasthan, Chhattisgarh, and Jharkhand have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their employees. The government of Punjab on November 18, 2022 has issued a notification regarding implementation of the OPS for the state government employees who are presently being covered under the NPS. "The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent ...

Salaried jobs recover

Salaried jobs declined from 86 million in September 2022 to 84.7 million in October

World Thrift Day 2022: 5 simple ways you can adopt to become a better saver

On this World Thrift Day 2022, we speak with experts on ways a salaried person can increase their savings

61% of workforce comfortable sharing pay details with family member: Report

Your salary slip may be a confidential document but a report has revealed that 61 per cent Gen Z professionals are more comfortable sharing their pay details with a family member. While 61 per cent Gen Z are comfortable sharing their pay details with a family member, 23 per cent professionals of this generation are ready to share the details with their close friends, according to LinkedIn 'Workforce Confidence Index'. LinkedIn Workforce Confidence Index is based on responses of 4,684 professionals, from June 4-September 9, 2022, in the country. The report further revealed that around 72 per cent of Gen Z and 64 per cent of millennials in India are comfortable sharing their pay information with family members, while 43 per cent of Gen Z and 30 per cent of millennials are also willing to confide in their close friends. It also finds that Gen Z professionals are most likely to share their pay information with co-workers they trust (23 per cent), distantly followed by millennials (16 p

Double-digit salary hikes return as Aon survey pegs 10.4% for 2023

Study also found actual hikes in 2022 were 10.6% as against its previous projections of 9.9% in Feb 2022, the highest since 2012

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents

TCS changes its hike structure, does away with anniversary hikes

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

Alliance Air pilots go on strike over salary, demad pre-covid level pay

A section of pilots of Alliance Air went on strike on Friday over salary issues, resulting in the cancellation of some flights, according to sources. Alliance Air, which is owned by the government, operates ATR planes. As per its website, Alliance Air connects 48 destinations within India with 100 departures per day. Pre-COVID, the airline was flying to 62 destinations. The sources said a section of the pilots has gone on strike, protesting against salary issues. One of the demands is the restoration of pilots' salaries to the pre-COVID level. In the wake of the pandemic, the salaries were cut by 60 per cent and till now, the pay has not been fully restored, one of the sources said. According to the sources, the management will be soon discussing the issues related to the salaries of pilots. When contacted, an Alliance Air spokesperson said the airline will be issuing a statement soon. The carrier has 18 ATR 72-600 aircraft in service.

Employees will get 100% variable pay for June quarter, no delay: TCS

So far, more than 90 per cent of TCS employees have received the variable payout, according to the largest software exporter in India.

Twitter tells employees bonuses could halve, based on performance: Report

Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase

IT services companies' salary costs growing faster than revenues

The six IT services firms, on average, earned net sales of around Rs 38 lakh per employee in FY22, up from Rs 33.5 lakh in FY17 and Rs 37.3 lakh in FY20

HUL, ITC, and USL now have 432 officials earning more than Rs 1 cr a year

In the last fiscal, FY22, the number of such executives rose by 33 per cent, 44 per cent and 113 per cent in HUL, ITC and USL, respectively

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form

Number wise: Hike in MLA salaries outstripped growth in common man's income

Delhi lawmakers just gave themselves a salary hike, joining counterparts in widening the gap with their voters' income