The starting salary for a newly hired IAS officer is approximately 56,100/-per month, excluding other benefits like travel, domestic travel, and HRA. The Cabinet Secretary, the highest-paid IAS officer, can get up to INR 2,50,000 a month. In addition, IAS officers get additional grade ...
IAS officers receive additional allowances such as House Rent Allowance (HRA), Dearness Allowance (DA), and Transport Allowance (TA). The IAS officer’s monthly salary increases with years of service and each promotional milestone. At the highest level, the Cabinet Secretary of India, after37+...
You can, however, only claim the lowest HRA tax exemption among these three provisions: The amount of HRA your employer pays you. Taking the actual rent you pay for housing and subtracting 10% from your basic salary. The HRA percentage of basic salary in India differs from metro to non-...
In this guide, we have explained the payroll process step-by-step so you can feel confident while processing payroll and complete the process in less time. We have also covered the basics of payroll calculation in India, including gross salary, deductions, and net pay. The guide also explains...
The last step of the process is to share payslips with employees. This is mandated by legal laws in India. With payroll software, you don’t need to send payslips to individual employees over emails. They can access it for any month at any time from the employee self-service portal. ...
What is Gratuity in India? is an important component of income but is ignored by most people, especially in the private sector. The reason is people don’t stick with one company for the long term – another reason is the uncertainty of job. Even “Yours Truly” changed 4 companies ...
A payroll cycle is the time gap between two salary disbursements. Businesses can opt to pay salaries on a weekly, bi-weekly, or monthly basis. Generally, in India, it is processed every month. Read more:Payroll Service Provider Advantages of Payroll ...
There is no definite percentage for a good CAGR when it comes to equity investments. It is a combination of many factors. However, the CAGR should ideally be more than the saving account interest rate for most investments – equity or fixed income. Historically, in the long term, large an...
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Navigate to Settings, select Salary Components, choose an Earning, and set the calculation based on the percentage of earnings. 5 July 2024 Custom Field Support for Loans Module You can add extra details to your loans using custom fields if the default options in Zoho Payroll don’t cover ...