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The President Of India has a net salary of ₹400,000 (US$6,000) per month, followed by the Vice President with ₹350,000 (US$4,800), and the Prime Minister at ₹280,000 (US$3,400). Governors receive ₹300,000 (US$4,200).
[citation needed] Executive compensation could be checked by taxing more heavily the highest earners, for instance by taking a greater percentage of income over $200,000. Maximum wage is an idea which has been enacted in early 2009 in the United States, where they capped executive pay at $500,000 per year for companies receiving extraordinary ...
This is a list of salaries of heads of state and government per year, ... (USD from 2019 IMF exchange rate) Head of state salary divided by 2020 GDP per capita ...
The country’s chief economic advisor, in a report released on Friday, forecast India’s economy would grow 6.3% to 6.8% in the next fiscal year. Here are some takeaways from the budget: Income ...
Government employees in the India are entitled to following benefits: [5] [6] Pension; Leave encashment; Gratuity on Death; Medical facilities under Union Government Health Scheme; Single male employees and female employees in the Union government are eligible for child care leave for 730 days. [7]
The DA Rate for Industrial Workers (since 1 January 2007 with Base year 2001=100) for 3rd Quarter (Oct-Dec), 2015 has been declared as 107.9% and that of 4th Quarter (Jan-Mar), 2016 is 112.40%. The 5th Pay Commission recommendations were implemented since 1 January 1996 and consequently DA rate with effective from 1 January 1996 became 0.
Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low amount of formal wage earners. [27] Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [ 27 ]