SALARIED CLASS
LeBron James, son Bronny to make NBA history with Los Angeles Lakers. Check basketball legend's contract details, career stats, salary
LeBron James has once again become Los Angeles Lakers player as the basketball legend and his son Bronny could make history in NBA.
How is an active fund manager different from a passive one?
A fund manager is a part of the investment team at a fund house and one of the most important persons responsible for building the portfolio, monitoring it, generating returns and ensuring it runs in line with the objectives and mandate of the fund.
From Rs 1,500 Salary to Rs 36 Crore Entrepreneur: How a 10th dropout built a 400-car fleet company
Ashfaque Chunawala, a 37-year-old Oshiwara resident, transitioned from earning Rs 1,500 as a retail store attendant to owning a 400-car fleet. Dropping out after Class X, he pursued multiple jobs, eventually discovering a ride-hailing app in 2013. His strategic investments and perseverance led to his success, making him a recognized entrepreneur with plans to expand further.
Pay gap shrinks: Will BTech grads stay MBA course?
A Deloitte survey revealed a significant narrowing of starting salaries between MBA and BTech graduates in India. The pay gap has reduced to 57% in 2024 from 102% in 2021, potentially impacting the appeal of costly management courses for BTech graduates.
IIIT Delhi places 86% of students at average salary of Rs 20.46 lakh per annum
86% of IIIT-Delhi's Class of 2024 secure job offers with highest domestic offer at Rs 49 lakh per annum. Highest international offer at $114,000. 113 companies participate, including regular top-tier recruiters, mid-segment firms, and startups. Average salary is Rs 20.46 lpa.
Pakistan and IMF disagree over new income tax rates that will burden salaried class
Pakistan's talks with the IMF ended inconclusively over disagreements on new income tax rates for salaried and non-salaried individuals and the income tax threshold, as reported by the media.
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How I finally entered a $5 trillion money-making venture
Indrajit hazra talks about how an Allahabad Bank account-holding man-child, at last, felt plugged into the Phiroze Jeejeebhoy Towers on Dalal Street,
Why India needs three salary wedges to look beyond reservations to reduce injustices
Rahul Gandhi's quota cap strategy echoes Indira Gandhi's tactics on quotas from Neerja Chowdhury's book. In 1980, she guided P Shiv Shankar on handling the Mandal Commission report, emphasizing the delicate balance of quotas' impact. India in 2047 aims to move beyond reservations and adopt an abundance mentality focusing on employment and education, shifting from scarcity thinking.
FMS Delhi completes summer placement season with 289 students bagging offers
FMS Delhi wrapped up its summer placement process with 289 students receiving offers from 101 companies. The average stipend for the Class of 2025 is Rs 2.96 lakh, with top students earning up to Rs 4.22 lakh.
Viral video: Pune man quits 'toxic job', plays 'dhol' in front of his manager
Aniket, a sales associate, threw an unforgettable farewell party - for himself. In a move that's resonating with many online, Aniket brought in dhol players to celebrate his exit from a company he says didn't value him. The video shows Aniket dancing with enthusiasm, much to the apparent surprise of his manager. The clip has gone viral, sparking discussions about toxic work environments and the importance of feeling appreciated in the workplace.
Economy is on strong footing then why such low salaries for IITians?
With companies scaling back on hiring and offering lower salary packages, IIT students at the tail-end – those that haven’t been placed yet – are being offered annual packages below Rs 10L
How much does an IAS officer earn? Social media debate erupts over chartered accountant's post
The Indian Administrative Service (IAS) continues to captivate the youth despite debates on salary comparisons with other professions. Motivated by service and respect, individuals prioritize passion and societal impact over monetary rewards.
How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and more
Leave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends to family – covering travel costs for your spouse and dependent children, and family members. To claim LTA, you need to submit documented proof of travel costs to your employer within the stipulated deadlines. Who can claim LTA? What are the documents that you need to submit? What are the conditions you need to keep in mind while claiming LTA? All questions answered.
'Not subject to rising rates…’: Congress Manifesto’s promise for salaried class’ income tax
In its Lok Sabha elections manifesto, Congress pledges stable personal income tax rates to safeguard the salaried class from rising taxes, ensuring financial planning clarity. Additionally, it vows to abolish 'angel tax' and other exploitative schemes hindering investment in new micro, small companies, and innovative startups, aiming to alleviate tax burdens on MSMEs.
LTA exemption: Submit tax-saving proofs to employer by March 31 deadline as claiming LTA in ITR is a hassle
LTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who travel with an employees is also allowed as exemption. To claim LTA, the employee typically needs to submit documentary evidence of the incurred travel expenditure to the employers within specific deadlines.
DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government employees, pensioners?
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
Byju's unable to pay salaries due to dispute with investors, says founder Raveendran
In a communication to his staff, Raveendran conveyed the message, stating, "Few investors 'stooped to heartless level', ensuring we are unable to utilise raised funds to pay salaries," as reported by PTI.
Breather for colleges as IT companies ready offers for class of 2024
Top software services exporters like TCS, HCLTech, and Accenture are providing a reprieve to engineering colleges by giving job offers to graduates from the Class of 2024. VIT Vellore has received over 900 offers from TCS, raising hopes at other campuses.
Budget 2024: The need for a Budget of, by and for the middle class of the Republic of India
India's interim budget is eagerly awaited by the middle class, who have high expectations for relief in income tax through adjusted tax slabs and expanded exemptions. The budget is also anticipated to address employment concerns and generate more job opportunities. Affordable housing, education, and healthcare take center stage, with hopes for interest rate reductions, increased subsidies, and improved infrastructure.
The Budget blueprint for bringing Oxford and Cambridge to India
The University Grants Commission (UGC) released regulations for foreign campuses, but there are concerns about the 10-year permit duration and lack of financial benefits. The upcoming budget announcement presents an opportunity to address these concerns and propel India towards its vision of being an educational and global hub.
Budget 2024: What stock investors, salaried employees expect from Nirmala Sitharaman
The Budget 2024 is anticipated for its potential impact on salaried employees. Expectations include reforms to boost market confidence, such as increasing foreign direct investment (FDI) and simplifying the process for Initial Public Offerings (IPOs).
Interim Budget 2024 could ease tax burden of homebuyers via these benefits
Homebuyers have expectations from interim budget that finance minister would revise certain limits that can help homebuyers to lower their income tax burden. These limits have remained since Budget 2017. The interim budget 2024 will be presented on February 1, 2024. It is likely that it will be 'Vote-on-account' budget.
SP Jain sees five-fold increase in average salary offered to GMBA students in 2023 placement
The salaries offered to students of the MGB Class of 2023 also saw a seven-fold jump, with the top package touching Rs 48.8 lakh. The average salary offered by recruiters was Rs 19.83 lakh, a 21% increase from the previous year, according to the statement.
This is the right time for companies to appreciate economic utility of trade unions
There are two aspects of unions and their work that employers in India would do well to focus on. Their role in bridging the wide gap between enterprise-level rationality and economy-wide rationality. On completing Indian society's stunted modernisation, which depresses the quality of workforce.
Class of 2024: How students can solve their way into employment
Companies from various industries look at these campus competitions to assess engineering talent, according to Unstop, a talent upskilling platform. For example, Flipkart organizes GRiD 5.0, a competition for engineering college students. The winners can get a chance to attend pre-placement interviews (PPIs) and also get pre-placement offers (PPOs).
ETMarkets Smart Talk: Consistent rise in SIPs reflect the crorepati dream of retail investors: Sanil Kumar KV
Sanil Kumar KV says: "The surge in SIPs reaching Rs 17,000 crore in 2023 reflects a growing awareness among retail investors about the power of compounding. Salaried individuals should consider continuing SIPs until retirement, leveraging technology to start early, and benefit from the ease of accumulating wealth through consistent and disciplined investment practices. This approach aligns with the crorepati dream, emphasizing the significance of long-term financial planning."
SPJIMR’s Class of 2024 gets Rs 33 lakh average package
The median salary of the students of post graduate diploma in management (PGDM) and PGDM (Business Management) is also similar to last year at Rs 31.2 lakh per annum.
Class of 2024: The job roles that promise big paydays for freshers next year
Having an idea about pay packages can help students decide on the kind of money they would get to live on if they pick up certain jobs. It can also help them decide if they can afford to relocate to another city, and plan how to live away from parents on such salaries.
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