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These are basically non-cash benefits provided by an employer to an employee which are chargeable to tax e.g. car allowance. [2] Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement. In most countries, most kinds of employee benefits ...
Base salary is provided for doing the job the employee is hired to do. The size of the salary is determined mainly by 1) the prevailing market salary level paid by other employers for that job, and 2) the performance of the person in the job. Many countries, provinces, states or cities dictate a minimum wage. Employees' individual skills and ...
Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people. Indian citizens may receive a basic salary or pension that is then supplemented by a housing or a dearness allowance, or both. The guidelines that govern the Dearness Allowance vary according to where one lives.
Hence, no RHA can have a value higher than this allowance" [45]:para 8.10.67 Saichen allowance is the highest in the hierarchy of allowances. [ 46 ] :para 8.10.66 The 7CPC recommended that the existing allowance of Rs 21000 pm for officers be increased to Rs 31,500, and for JCOs, NCOs and other ranks increased from ₹ 14, 000 pm to 21,000 [ 47 ...
Members of Parliament have a base salary of ₹100,000 (US$1,200) plus other allowances. The Chief Ministers of Indian states have varying salaries, with Telangana 's Chief Minister earning the highest at ₹400,000 (US$4,800) per month.
Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
The Pay Commission is a committee constituted by the Government of India decennially, responsible for tabling recommendations regarding changes in the salary structure of federal employees, both civilian and defence. Established in 1947, seven pay commissions have been set up each decade since India's independence to review and provide ...
Amma Unavagam (Tamil: அம்மா உணவகம்) is a food subsidisation programme run by the Government of Tamil Nadu in India. It is a first of the kind scheme run by any government in India. It has been an inspiration for many states like Odisha, Karnataka and Andhra Pradesh which later proposed similar schemes seeing its success. [59]