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Pay Scale

TCS [Tata Consultancy Services] Pay Scale and Salary

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Jan 142019
 

TCS [Tata Consultancy Services] Salary For Freshers

Tata Consultancy Services Limited, popularity known as the TCS is one of the well-known multinational companies that made its presence felt in the international Information Technology sector. TCS has its offices in around 46 countries. Natarajan Chandrasekaran is the Chairman of the organization, while plays the role of the MD and the CEO. TCS has been ventures in all sections of the information technology sector. This organization started operation in 1968. Since then, it has crossed several milestones and earned the top slot in the IT industry.

TCS Salary For Freshers

A company as vast and extended as TCS will not be able to churn out satisfactory revenue in the absence of competent employees. The company requires people from technical as well as non-technical backgrounds to take care of the daily business. Both freshers and professionals desire to become a part of this organization. Apart from professional satisfaction, you will also get multitudinous options to further your career. Another reason why people try to bag a job at TCS is due to the lucrative pay packages. Here is brief information that will help fresher attain an idea about how much they can make, if they succeeded in cementing their position in TCS as an employee.

Salary for software engineer

Name Of The PostBasic Annual SalaryBonus AmountProfit DisbuRsementTotal Annual Pay
System Engineer (Information Technology)Rs. 285,765 to Rs. 525,230Up to Rs. 130,465Up to Rs. 75,460Rs. 289,265 to Rs. 540,320
Software DeveloperRs. 240,449 to Rs. 768,540Rs. 4,016 to Rs. 93,865Rs. 859 to Rs. 35,900Rs. 241,700 to Rs. 745,463
Systems EngineerRs. 310, 007 to Rs. 810,121Up to Rs. 195,650Rs. 14,758 to Rs. 62,308Rs. 310,408 to Rs. 812,156
Senior Software EngineerRs. 441,823 to Rs. 981,298Up to Rs. 100,334Rs. 4,950 to Rs. 116,356Rs. 449,161 to Rs. 981,298

Salary according to qualification

Academic Degree Of The EmployeeAnnual Salary Range (Median)
Computer Science (B. Sc)Rs 2.7 to Rs 10.5 lakh
Bachelor of Engineering (BE)Rs 3.0 to Rs 12.5 lakh
B.Tech or BTRs 2.8 to Rs 9.25 lakh
Bachelor of Computer ApplicationRs 3.0 to Rs 12.0 lakh
MBARs 3.0 to Rs 15.0 lakh
BE or ECERs 3.0 to Rs 13.0 lakh
MCARs 3.5 to Rs 15.0 lakh
B.Tech in Information TechnologyRs 3.0 to Rs 10.0 lakh
B.Tech in CSERs 3.0 to Rs 9.5 lakh
Graduation in B.A, B.Sc, or B.ComRs 1.8 to Rs 11.5 lakh
MBA in FinanceRs 2.7 to Rs 13.7 lakh
Bachelor Degree in ArtsRS 5.16 lakh
Bachelor Degree in Computer ScienceRs. 3.75 lakhs

Salary according to experience

Professional Experience Of The Employee (in years)Average Pay Package
Less than 1Rs. 314,491
1 to 4Rs. 413,837
5 to 9Rs. 749,789
10 to 19Rs. 1,365,096
Above 20Rs. 2,808,879

Salaries of employees in Information Technology department

Name of the post in IT departmentAverage Monthly Salary
Senior ConsultantRs. 90200
Database AnalystRs. 71300
SpecialistRs. 39300
ConsultantRs.133300 to   Rs 73800
Senior Specialist SystemRs. 66700
AnalystRs. 42900
Business Development ExecutiveRs. 30200
Associate ConsultantRs.112400
UX DesignerRs. 52000

Salaries of candidates at managerial scale

Name of the postAverage Monthly Salary
Associate ManagerRs. 100800
Associate Project ManagerRs. 107300
Engagement ManagerRs. 147800
Group ManagerRs. 194300
SEO and Internet Marketing ManagerRs. 205700
Assistant General ManagerRs. 286700
Business AnalystRs. 55700
Technical Lead SalaryRs. 78300
Deputy ManagerRs. 78700
Project LeadRs. 85700

Salary difference according to location

According To City
Name Of The CityExpected Annual Salary
BangaloreRs. 565,563
MumbaiRs. 501,459
KolkataRs. 520,018
ChennaiRs. 547,842
PuneRs. 559,749
GurgaonRs. 490,018
HyderabadRs. 543,018
According To State
Name Of The StateExpected Annual Salary
GujaratRs. 360,284
MaharashtraRs. 472,787
KarnatakaRs. 455,973
Uttar PradeshRs. 413,615
DelhiRs. 427,392
West BengalRs. 523,283
Tamil NaduRs. 427,883
Andhra PradeshRs. 406,359

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Pharmacists In India Salary And Perks

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Jan 142019
 

Pharmacists In India Salary And Perks

Earlier, the only place, where a pharmacist could get a job was at the drug store. With developments in health sector and medicine manufacturing industry, their career scope has increased significantly. Candidates who desire to work in this sector will have to prove their worth. The salary scale and perks will depend on the organization. Here are some details, which will come in handy in your quest.

Pharmacists In India Salary And Perks

Eligibility for pharmacists

  1. Degree or diploma in the field – To operate as a certified pharmacist, all interested applicants will have to apply for the Pharmaceutical Science courses. Applicants can opt for the degree or diploma course.
  2. Academic qualification – All applicants must pass their 12th standard education from a registered school. Only if they have this school passing certificate, they will be able to apply for a degree in Pharmaceutical Science programs.
  3. Official certification – Once the candidates pass the degree or diploma course with necessary marks, the Pharmacy Council of the nation offers them a certificate. After attaining this certificate, they will be able to work as a pharmacist in the chosen department.

Monthly salary of the pharmacists

The monthly salary of the professional will vary from one Indian state to another. The market reports suggest that a male pharmacist will get anything between Rs. 15,000 to Rs. 23,000 on a monthly basis. The monthly salary of a female pharmacist will range within Rs. 9000 and Rs. 20,000

Yearly salary of pharmacists

There is a salary disparity for male and female pharmacists. On an average, a male professional will make anything between Rs. 191,340 and Rs. 276,000 on an annual basis. On the other hand, a female professional will attain a yearly pay that ranges between Rs. 99,000 and Rs. 228,000

Other perks and benefits

The initial pay for pharmacists is not high. If you succeed in bagging a good job, with a reputed organization, then you will also attain additional perks. The bigger the company, better will be the benefits. Pharmacists are entitled to get yearly bonus. Apart from this, they will also attain medical benefits and insurance coverage. Some companies also offer extra allowance for leisure travel, after a certain span. These professionals can also earn a significant amount as commission.

State-wise salary scale

StateYearly Salary Scale
Delhi            Rs.  97,667 – Rs.  235,832
Karnataka            Rs.  99,000 – Rs. 228,000
Andhra Pradesh            Rs. 96,000 – Rs. 2,400,000
Kerala            Rs. 51,000 – Rs. 66,000

Sector-wise salary scale

Name Of The SectorYearly Salary Scale
Healthcare DepartmentRs. 64,328 – Rs. 431,739
Internal Medicine DepartmentRs. 73,028 – Rs. 356,056
Pharmaceutical DepartmentRs. 62,384 – Rs. 320,229
Medical ServicesRs. 68,879 – Rs. 511,063
Hospital DepartmentRs. 63,788 – Rs. 380,228

Salary scale as per organization size

Strength Of The CompanyYearly Salary Scale
Within 10 and 40 employeesRs. 121,335 – Rs. 287,500
Within 200 and 599 employeesRs. 75,000 – Rs. 180,300

Role and responsibilities of pharmacist

  1. Dispensing medicine – Dispensing medicines is the primary responsibility of the pharmacist. When a customer approaches them with a prescription, these professionals offer the correct medicines.
  2. Compounding formulations – Pharmacists will also be able to compound drugs. They will be able to mix different medicinal compositions to create the accurate formula that uplift the patient’s health.
  3. Proper labeling – It is also the responsibility of the pharmacist to label the drugs properly. This includes specifying the time and amount of dosage. Laymen will benefit greatly from these details. Proper labeling eliminates the chances of wrong consumption of drugs.
  4. OTC medications – Sometimes people don’t want to see a doctor for minor ailments. Here, the pharmacists will come to their rescue. These individuals possess adequate knowledge about several drugs. Depending on the symptoms, pharmacists will be able to prescribe over the counter drugs to patients.
  5. Offer necessary guidance – If a patient is in need of some assistance or medical guidance, then he/she can approach the pharmacist. These professionals will be able to provide pertinent information about doctors and drugs.

Experienced pharmacists play an important part in the development of healthcare and wellbeing sector. Apart from this, pharmacists come in handy in medicine companies. They possess information, and can apply it to develop new medicinal formulations. Candidates with proper knowledge and experience will not have to toil hard to land themselves with jobs. There is also adequate scope for development in this field.

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Credit Analysts Pay Scale Salary Allowance & Benefits

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Dec 202018
 

Credit Analysts Salary And Allowance

The successful running of any organization depends on several aspects. As all companies operate with the final goal of making monetary profits, they must concentrate on financial accounting. In recent past, a number of changes have taken place in the financial arena. As companies expend, they require the assistance of people who have knowledge and skills to analyze the financial data. It is here that the importance of Credit Analysts comes to the forefront. It is an essential post, as the professionals need to keep track of the organizations’ credit details.

Credit Analysts Salary And Allowance

Monthly salary of credit analysts

Recent financial reports highlight that the minimum monthly remuneration of any credit analyst will be as much as Rs. 40,000. The pay offered to these professionals depends on several factors as well. The pay policies of the organization and the overall experience of the candidate will also come in consideration.

Annual salary of credit analysts

The average annual pay of any credit analyst will range within Rs. 5 lakhs. According to market reports, the yearly minimum pay of any credit analyst will not be less than Rs. 2.2 lakhs. If you consider the additional perks of these professionals, then they may draw up a minimum of Rs. 2.4 lakhs as an annual remuneration. The maximum yearly pay of any professional, holding this post will draw Rs. 11 lakhs. The upper limit of this annual pay, along with extra benefits may reach an amount of Rs. 12 lakhs.

Other perks and benefits

Apart from the specified pay, individuals who occupy the post of a credit analyst are entitled to attain other benefits as well. The amount and types of benefits vary from one company to another. These professionals get yearly bonus, and travel allowances. Apart from this, they also attain insurance coverage, and medical benefits. Experienced professionals may also attain housing allowance. This will depend on the policy of the respective organization.

Salary offered by different organizations

Estimated monthly payEstimated yearly payMinimum yearly remuneration packageMaximum yearly remuneration packageName of the organization
Rs. 62, 000Rs. 7.5 lakhsRs. 7 lakhsRs. 8.5 lakhsBank Of India
Rs. 80, 000Rs. 10 lakhsRs. 4.7 lakhsRs. 15 lakhsAxis Bank
Rs. 40, 000Rs. 4.7 lakhsRs. 4 lakhsRs. 5.1 lakhsMAGMA
Rs. 10, 000Rs. 13 lakhsRs. 8 lakhsRs. 18 lakhsHSBC
Rs. 80, 000Rs. 10 lakhsRs. 3 lakhsRs. 14 lakhsFitch Rating
Rs. 55, 000Rs. 7 lakhsRs. 6.6 lakhsRs. 8.1 lakhsIndus Bank

Related posts and salary details

PostPay details
 

 

  1. Credit Controller
Monthly pay (average) – Rs. 35000

Yearly pay (average) – Rs. 4.5 lakhs

Minimum pay package (yearly) – Rs. 2.8 lakhs

Maximum pay package (yearly) – Rs. 6 lakhs

 

 

  1. Credit Manager
Monthly pay (average) – Rs. 45,000

Yearly pay (average) – Rs. 5.5 lakhs

Minimum pay package (yearly) – Rs. 4 lakhs

Maximum pay package (yearly) – Rs. 7.5 lakhs

  1. Credit Analyst Manager
Monthly pay (average) – Rs. 50,000

Yearly pay (average) – Rs. 7 lakhs

Minimum pay package (yearly) – Rs. 3.5 lakhs

Maximum pay package (yearly) – Rs. 11 lakhs

Roles and responsibilities of credit analysts

  1. Maintain credit records – Maintaining the credit details of an essential task. Misplacement or effort in credit data analysis may pave the path for the downfall of the organization. Credit experts will be able to collect and decode these details in an orderly fashion.
  2. Highlight credit-worthiness – Companies need to borrow money from the financial institutes, and market to smoothly run the operations. But none of the money lenders will instill their faith in company that has bad creditworthiness. It is the responsibility of credit analyst to ensure that the creditworthiness of the respective organization.
  3. Finance and accounting services – Apart from maintaining credit details, these professionals also find employment in the financial and accounting departments.
  4. Includes insurance services – Medium and established organization offer a number of medical and health insurance perks to their employees. Several credit experts are posted in this sector, to keep track of leisure and medical expenses.
  5. Other sectors of their activities – A person with the right set of skills will also get a job in the defense and aerospace sector. Apart from this, nondurable item manufacturing agencies also require the assistance of these professionals. Companies associated with the chemicals and biochemical industries will also be able to set their credit details straight with the assistance of experienced credit experts.

Earlier, all credit analysis related tasks were done manually. With the advent of several computer programs, it has become comparatively easy. But organizations require experienced and wise professionals to work with these programs. If you desire a lucrative career in the finance department, then credit analysis is an ideal opportunity.

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Comptroller And Auditor General Pay Scale, Salary And Allowance

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Dec 152018
 

Comptroller And Auditor General (CAG) Pay Scale, Salary And Perks

Comptroller and Auditor General, popularly known as the CAG of India is Constitutional body. It is mentioned in the Article 148 of Indian Constitution. This department looks after and audits all expenditures of both central and state authorities. Apart from internal audits, the CAG also has to take care of auditing requirements of such organizations, which are owned by the government. Public Accounts Committees and Committees on Public Undertakings depend on the reports, issued from the office of Comptroller And Auditor General. All tasks, which are taken up by the Indian Audit and Accounts Department, fall under the responsibility of the CAG. The post holder has to ensure that all audit reports are error free. Without the signature and seal of the officer, these reports will not hold any ground.

Comptroller And Auditor General Salary

Monthly salary of the CAG

Every appointed CAG receives Rs. 25,000 on a monthly basis. This monthly salary does not include additional perks.

Yearly salary of the CAG

The yearly salary that the Indian Comptroller And Auditor General receives is Rs. 300,000. The pay scale of the CAG and the judges of Supreme Court are same. All decisions, regarding the increase in the salary will be made by the special committee of the Indian Government.

Additional benefits and pension

Similar to the judge of Supreme Court, the CAG is also a salaried government employee. The person, holding this position will attain several additional benefits, offered by central government. He/she will attain monetary allowance for meeting daily transportation cost. They also attain housing and dearness allowances. Medical benefits, both during and after tenure also fall in this benefit list. Apart from this, the CAG will also attain a pension, after he/she retires from office.

Role and responsibility of CAG

  1. Maintains expenditure reports – The primary task of the Comptroller And Auditor General of India is to keep all expenditure related reports up to date. Auditing the accounts of every government department is a mammoth task. If falls on the shoulders of the Comptroller And Auditor General of India.
  2. Accounting and stock keeping – Keeping records of all government accounts, along with maintaining record of stocks are two other tasks that the CAG performs. These records make it easy to access the overall expenditure of the government departments.
  3. Keeps track of government companies – The central and the state government takes over several companies. There are other agencies, which are run by the authority since their inception. It is the responsibility of the CAG to audit the accounts of these companies, and submit reports,
  4. Details of corporations – Sometimes, Parliamentary laws pave the path for the formation of some corporations. These are done for the smooth operation of the legislation. CAG is plays the primary part in the creation of these corporations.
  5. Consolidated Fund details – Both the union and state authorities have their respective Consolidated Funds. Monetary grant, offered to several bodies come from this fund. The CAG must keep track of these grants, and submit reports accordingly.
  6. Government loan details – The central as well as the state government offers loans to government and private agencies. Keeping track of these loans, starting from the application to repayment, is the job of the CAG. In case of not payment of interest, the CAG can take necessary legal steps.
  7. Entrusted audits – Technical Guidance & Support or TGS has adequate provision for entrusted audits. These audits are carried out in the Panchayati Raj establishments and local bodies, which come under urban legislation. It is the responsibility of the CAG to prepare and maintain these reports.

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Chief And Deputy Election Commissioner [Electoral Officer] Salary Allowance Pension

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Dec 032018
 

Chief And Deputy Election Commissioner [Chief Electoral Officer] Salary And Allowance, Pension

The Election Commission is a department that has been vested with powers by the Indian Constitution. The department is placed under the charge of the Chief Election Commissioners. He is assisted by the Deputy Chief Election Commissioner to discharge his duties. Election Commission ensures that all elections take place freely. It also highlights and implements election rules, stated in the Constitution.

Chief Electoral Officer Salary

Monthly salary

The monthly salary of the Chief Election Commissioner of India is same as the judge of the Supreme Court. Any person, who is appointed as the Chief Election Commissioner will receive a monthly pay of Rs. 2.50 lakhs.

Yearly salary

All appointed Chief Election Commissioners get Rs. 3,000,000 on a yearly basis. This calculation has been done on the current monthly salary that a person with this designation is supposed to receive.

Additional perks and allowances

The chief and the deputy Election Commissioners are entitled to attain several additional benefits, offered by the central government. Apart from the monthly salary, these post holders will also attain a pension after they retire from the post. The pension will be 50% of the last drawn salary. After the death of the ex- ECs, the living spouse will receive a family pension as well. During their term in the office, both Chief and Deputy Election Commissioners receive housing and transportation allowance. These individuals have cars at their disposal at all times. They have personal security and office staffs. Apart from this, they are entitled to receive medical benefits, and leisure allowance.

Role and responsibility of the election commissioners

  1. Complementary role of chief and deputy ECs – Both the chief and the deputy election commissioners of the nation work as per the laws, highlighted in the Constitution. They are in charge of the Election Commission, and the tasks that the department undertakes. The main responsibility of the Deputy Election Commissioner is to help and advice Chief Election Commissioner in discharging his duties.
  2. Holding Presidential election – Both the chief and the deputy election commissioners have to play an important role in the election of the President of the country.
  3. Holding Parliamentary election – Holding all Parliamentary elections is another important duty of the Election Commissioners.
  4. Preparing electoral rolls – The Chief Election Commissioner must check all documents, to ensure that there are no errors in the final electoral rolls. He also highlights the duties of other officials, associated with the department.
  5. Checking the background of candidates – The Constitution has certain criteria that all electoral candidates have to fulfill, if they desire to contest in the elections. The Election Commission must check the applications, and scrutinize the backgrounds of electoral candidates.
  6. Constitutional delimitations – Demarcating the constitutions is an important task before the elections. This helps the department to take necessary actions for smooth operations before, during and after the actual polls. It is the duty of the election commissioner to demarcate these constitutions.
  7. Crafting necessary laws – It is also the responsibility of the Election Commissioners to ensure free and fair elections in every part of the country. In case stringent action is necessary, the department forms laws to ensure this practice.

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Ward Councillor Salary in India

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Nov 272018
 

Ward Councillor Salary in India And Allowance [Duties, Roles And Responsibilities] ward parshad ka kamai kya hain?

Governing a huge nation like India is not an easy task. There are clear demarcations in the democratic framework. The state government has its organizations in the grassroots levels. It helps the ruling political party form reforms for the betterment of the people. The post of a ward councilor is rather essential in the urban political scenario. This person must win the ward election, from his/her residential area. He/she must be actively associated with a political party.

Ward Councillor Salary

Salary of the ward councillor

Each state government plays a direct part in specifying the overall monthly pay of the elected ward councillor. Depending on the laws, enforced in respective states, the ward councillor will get anything between Rs. 15,000 to Rs. 20,000 on a monthly basis. Accordingly, the yearly pay of the councillor will not be more than Rs. 240,000.

Additional allowances of the ward councillor

All elected ward councillor are entitled to receive some additional allowances. The salary of the ward councilor is not uniform in all Indian states. The ruling state government has the power to make amendments in the salaries and other perks of these councillor. In addition to the monthly salaries, these elected members will receive meeting allowances. The state governments allot anything between Rs. 300 to Rs. 500 for each meeting. The state government may sanction extra funds to meet emergency situations in the respective ward.

Roles and responsibilities of ward councillor

  1. Development of the area – It is not possible for the state ministers to keep track of what is happening in all bocks. It is here that the importance of the ward councillor comes to the forefront. The development of the ward is the first and most important responsibility of the elected ward councilor.
  2. Ensuring better facilities – Betterment of health services, education, water and power supply, roads and sanitation are necessary obligations of the councilor. Only a competent councilor will be able to offer such facilities for all.
  3. Eliminating problems – Apart from highlighting the issues, which the ward residents face, it is the responsibility of the councilor to come up with effective solutions. If he/she fails to pave the path for the development of the area, then people will replace him/her with another person.
  4. Liaison with other governmental departments – It is also the duty of the ward councilor to bridge the gap between the people and the higher authoritative levels. These ward councillor also inform elected senior leaders about the condition of the residents.
  5. Policy development – Finally, another responsibility of the ward councillor is to ensure that people in their ward don’t face any problems. For this, he/she must take part in necessary policy development.

The elected ward councillor will also be entitled to receive travel allowances within the state. These individuals will also receive monetary allowances for paying their landline telephone bills. After the end of tenure, the councillor can opt for reelection.

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Maternity Leave Incentive Scheme

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Nov 222018
 

Maternity Leave Incentive Scheme

To encourage the women employees in India (especially in the private sectors), the Labour Ministry has planned to refund the extended 26-week maternity leave law for seven weeks. The scheme is applicable to only those women workers whose salary is more than or equal to Rs. 15,000 per month. As far as sources are concerned, the Ministry is in the process of getting the budgetary approvals for a total of Rs. 400 crores incentive schemes.

The fact is, the condition of the women workers in public and the private sectors vary contrarily.This difference becomes prominent when it comes to the maternity leaves. There are certain benefits for the women workers working in the public sector. But the private sector workers have a primitive approach towards the women workers. And this discourages the female workers from applying for maternity leaves. With the new scheme, women employees in the private sector are said to get benefits during their maternity days.

Maternity-Leave-Incentive-Scheme-

The launch details of the Maternity Leave Incentive Scheme have been mentioned right below with every possible detail.

Name of the SchemeMaternity Leave Incentive Scheme
Place of LaunchIndia
Launched byPrime Minister Narendra Modi
Date of AnnouncementNovember 2018
Primary MottoTo put a stop to those unfair practices for women in India.

To provide extended maternity leaves with certain benefits, and

To extended the 26-week maternity leave law

Supervised byThe Ministry of Labour and Employment
The ImplementationThe Pan-India Implementation
Targeted beneficiariesThe women employees in the private sectors

Primary Motto of Maternity Leave Incentive Scheme

With the new implementation of the Maternity Leave Incentive Scheme by the Central Government, women workers would get plenty of benefits. The main aim of this particular scheme is to put a stop of the unfair practices for women during their maternity days.The scheme also denotes that the company has to provide monetary compensation to the women workers and they don’t need to worry about losing their jobs. The scheme is believed to ensure the women equal access to the employment. It also involves other approved benefits to the women alongside adequate secure and safe environment.

Benefits of Maternity Leave Incentive Scheme

The key benefits of the scheme have been mentioned below.

  1. More advanced maternity facilities –The main objective of the Maternity Leave Incentive Scheme is to offer better facilities to the women workers. It is regardless of whether or not they work in a big or small company.
  2. The payment scheme for the women workers –In case the employer offers maternity benefits to the female employees, then the government will eventually pay the employer to the account of the company directly.
  3. The leave tenure during maternity –All private sector firms were instructed to offer 12 weeks of maternity leave earlier. This was applicable for the expecting as well as nursing mothers. With the new announcement of this scheme, the government aims at hiking the leave tenure from 12 to 26 weeks in total.
  4. The salary structure during maternity – As per the sources, the employees who follow the guideline of the scheme are eligible to get a total of seven week’s salary.

Necessary Documents and Eligibility Criteria for Maternity Leave Incentive Scheme

The necessary documents to apply for the scheme have been mentioned below. Also, the mentioned below list is the eligibility criteria of the Maternity Leave Incentive Scheme.

  1. The size of the office –The total employee strength of the office has to be more than or equal to ten. Only then, the scheme will be applicable to the organization.

2.Salary per monthcriteria–The scheme will be applicable for the employees whose salary is equal to or more than Rs. 15,000 per month.

  1. Necessary documents and ID required for the employees –The interested employers, as well as employees, will have to submit their photo ID proof and their official documents for the authentication. Until now, there hasn’t been any official announcement regarding the list of certificates required to submit for this particular scheme.
  2. The structure of the company –The scheme will benefit the female workers working in any organization or firm. Not just that, the female workers working in mining fields, malls, and shops will also beeligible for this particular scheme.
  3. Other private sector criteria –The scheme is designed for the companies which fall under the unorganized as well as private sectors. It will also safeguard the job and rights of the female workers.

Registration Procedure

Prime Minister Narendra Modi has already announced the Maternity Leave Incentive Scheme. While this true, there isn’t any official implementation, for the time being. But the authority might work on regulation as well as funding related aspects to launch the scheme as fast as possible.Upon then, the implementation will be announced along with the application process. As soon as the implementation is announced, you will get pertinent information regarding the registration procedure and how to get the application form.

While there are several benefits for women working on public or Government sectors, women working in the public sector often get lesser benefits. With the new Maternity Leave Incentive Scheme, the women workers are expected to get a huge benefit. Until any further news and reports surface about the new scheme, one can stay tuned right here.

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Flight Attendant Salary in India [Pay Scale, Perks, Allowance]

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Nov 102018
 

Flight Attendant Salary in India [Pay Scale, Perks, Allowance]

The aviation industry has progressed a lot in recent times. A high percentage of people find employment in this sector. Earlier, the salary and perks of flight attendants was rather low. But things have been looking up recently. Here, you will get a quick look at the salaries and additional perks that flight attendants are entitled to get.

Flight Attendant Salary in India

Monthly salary of flight attendants

There is a great deviation between the monthly salaries of flight attendants in international and national aviation companies. The attendants in the international industry bring home anything between Rs.60, 000 and 100, 000 each month. On the other hand, national level flight attendants earn Rs. 25, 000 to Rs. 40, 000 on a monthly basis.

Annual salary of flight attendants

Depending on the monthly salary of the flight attendants, their annual salaries will also differ. If any flight attendant gets Rs. 25,000 each month, then he/she will have an annual salary of Rs. 300, 000. In case the flight attendants belong to the higher pay grade, they will get around Rs. 480, 000 annually.

Additional perks flight attendants enjoy

  1. Free air travel – Apart from the task, the life of a flight attendant is like an unending holiday. They get to travel to new cities and countries almost on a daily basis. The best thing is they need not worry about purchasing their vacation tickets. As they travel with the cabin crew, they will fly to their destination free of cost.
  2. Heavy discounts on tickets – Flight attendants are also entitled to get heavy discounts on all national and international air travels. As they are directly associated with the aviation industry, they get this perk.
  3. Pregnancy allowance – Female flight attendants are also entitles to get pregnancy allowance from the respective aviation organization. The amount will vary according to the policies of the company, but not by much.
  4. Maternity/Paternity leave – Both male and female flight attendants receive some time off from their duty under the maternity/ paternity clause. They can get as much as six months break to raise the infant.
  5. Sick leave – All aviation organizations grant sick leave to their flight attendants. Both short and long term sick leave is available, depending on the seriousness of the ailment.
  6. Insurance coverage – It is rather hard to predict when an accident takes place in mid-air. It is the responsibility of the aviation company to insure the lives of all flight attendants, cabin crew and pilots. No matter what their post is, the company offers them life insurance policies.

Roles and responsibilities of flight attendants

  1. Get flight instructions from captain – Before every flight takes off, it is the responsibility of flight attendants to check up with captain and other cabin crew.
  2. Check the seats and first aid kits – The flight attendants must check each seat to ensure that it is functioning properly. Apart from this, he/she also needs to check that all first aid kits are fully stocked.
  3. Greet the passengers – The flight attendants must keep a smile on their faces, and greet the passengers warmly during boarding or leaving the flight.
  4. Help them with their seats and safety belts – In case any passenger cannot find his/her seat, or cannot buckle the seat belts, the flight attendants will come to his/her rescue.
  5. Giving safety instructions – Before the flight takes off, flight attendants will demonstrate safety measures for the passengers.
  6. Distributing inflight snacks – They also note down any requests and distribute inflight snacks to passengers. They will provide passengers with extra blankets and reading materials.
  7. Keeping passengers calm in emergencies – Passengers become rather perplex if the flight gets caught in turbulence, or experiences any technical malfunctions. The flight attendants keep passengers updates with facts. They keep passengers calm under all circumstances.
  8. Lost and found details – If any passenger loses any luggage or item, the flight attendants will record the details. In case the cleanup crew finds the item, they will report back to the flight attendants.
  9. Clarifying queries – Passengers may have several enquiries about the landing time, and destination climate. It is the primary responsibility of the flight attendants to keep the passengers well-informed.
  10. Maintain inventory list – Before the passengers aboard the flight, and after they leave, flight attendants must check the inventory list.

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MLA Salary, Pension, Allowance

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Nov 062018
 

Members of Legislative Assembly (MLA) [Salary, Pay Scale, Pension And Allowance]  In States (Vidhayak ki salary kitni hoti hai)

It is rather difficult to manage the political governance of a nation as big as India. So, political categorizations come in handy to manage the activities and offer good governance. At the state level, we have the MLAs. Individuals who hold this post are called Members of the Legislative Assembly. To become an MLA, the person has to contest and win in state elections. It is mandatory for all states to have at least 50 members in the State Legislative Assembly. These political figures have some set roles for the development of their area.

MLA Salary In India

Monthly Salary of the MLA

The salary of MLAs is not the same in all Indian states. The salary and other allowances are fixed by the state authority. Each state authority pays a different amount to the elected MLAs. The Indian state that pays the highest salary to MLAs is Telangana, and the state that pays lowest salary to the elected MLAs is Tripura. The annual remuneration of the MLAs varies depending on their monthly salaries, as fixed by the respective state. Here is the recent state-wise MLA salary list:

Name Of The StateMonthly Salary For Elected MLAs
TelanganaRs.2,50,000
Uttar PradeshRs.1,87,000
Andhra PradeshRs.1,30,000
DelhiRs.2,10,000
MaharashtraRs.1,50,000
Himachal PradeshRs.1,25,000
Tamil NaduRs.1,13,000
Madhya PradeshRs.1,10,000
HaryanaRs.1,15,000
JharkhandRs.1,11,000
ChattisgarhRs.1,10,000
GoaRs.1,00,000
PunjabRs.1,00,000
West BengalRs.96,000
BiharRs.1,00,000
KarnatakaRs.60,000
GujaratRs.47,000
SikkimRs.52,000
RajasthanRs.40,000
KeralaRs.42,000
OdishaRs.30,000
UttarakhandRs.35,000
Arunachal PradeshRs.25,000
ManipurRs.18,500
MeghalayaRs.28,000
NagalandRs.18,000
TripuraRs.17,500
AssamRs.20,000

Other Perks and Allowances

Apart from the monthly salaries, the MLAs also receive money for meeting other expenses. They attain daily allowance for petrol cost. Apart from this, their official and leisure trips are also sponsored by state authority. Their personal office staffs are paid by the state authority. They also get medical facilities from the government. Evert elected MLA is entitled to attain special allowances to pay for housing, telephone and electricity bills.

Pension for Former MLAs

When any member retires from his MLA post, he/she is entitled to get a lifelong pension from the state government. The pension amount will depend on the last drawn salary. In case the former MLA passes away, his/her spouse will be receiving 50% of the pension as a family pension.

Who supervises the payment of salaries and allowances?

The central government does not play any part in the payment of salaries and allowances of the MLAs. It is the responsibility of respective state governments to deposit remuneration in the accounts of elected MLAs on time. All these records are maintained by the State Finance Department.

Role and Duties of the MLA

  1. Legislative powers – When it comes to making laws, the MLAs exercise their legislative powers. In case a bill does not receive the support of majority of the MLAs in the house, it will not be passes as a law.
  2. Financial powers – All financial decisions are taken by the legislative assembly. Without proper financial budget allocation, it will be impossible to pave the path for development of the entire state. MLAs get the budget sanctioned by the state authority, after they submit a detailed report of developmental activities, in their respective legislative area.
  3. Electoral powers – When it is time to pick the President of the nation, elected MPs and MLAs get to discharge their electoral duties. They vote for selecting the next President.
  4. Executive powers – The success of all schemes depends on their proper implementation. It is here that MLAs discharge their executive powers. They need to ensure that all eligible beneficiaries are getting the promised perks. Apart from this, MLAs also ensure that government departments are doing their part responsibly.
  5. Constructional powers – The Indian Constitution suggest that some of the state laws can be altered, according to the need, if the bill has the consent of at least 50% of the elected MLAs in the state legislative assembly.

It is not possible for the Chief Minister of every state to keep a personal watch on what is happening in each district. Elected MLAs act as the bridge to relay information from the people to the authority. Proper remuneration will offer these individuals the boost to work more for the betterment of their legislative area.

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Treasury Manager Salary Qualification For Recruitment [Allowance And Bonus]

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Oct 302018
 

Treasury Manager Salary Qualification For Recruitment [Allowance And Bonus]

Treasury managers take care of the financial assets of any organization. With the help of this manager, proper financial decisions are taken. In addition, he also takes care of the proper utilization of cash on hand and supervises the overall cash flow management. He is also responsible for looking after the borrowed money. Furthermore, financial strategies that would be the best for the company are decided by the treasury manager such that it helps the organization to reach its goals easily. The main aim is to look after the financial stability of the company.

Treasury Manager Salary

Some other job duties of the manager are illustrated as follows:

  • Mentor junior analysts and ensure that the team members are capable of managing their own tasks.
  • The manager should be responsible for the banking and finances of the company. It also includes keeping track of the accounts of the company and analyzes which service would be required.
  • He or she should set the cash management strategy effectively for the organization, and managing the cash forecasting models properly.
  • He would be responsible to sanction the financial decisions of the company and analyses the financial condition of the company long before it starts to run into any massive loss.
  • He is also responsible for looking after the fact that the company follows the accounting rules strictly. He should also try to maintain a healthy relationship with the legal staffs.

Required qualities of a treasury manager

  • The individual should have excellent logical skills.
  • Excellent communication skills both verbally and in writing are required by the treasury manager that would be required in report writing and giving presentations.
  • One of the most important is computer skills that would be required to deal with the financial software of the company and work on the same perfectly.
  • The individual should have good decision-making power as many of the decisions of the finance department would be sanctioned by him.
  • He or she should be a details oriented person.
  • Also, having superb mathematical skills are required who would be appointed as treasury manager of the organization.

Salary structure of treasury manager in India

According to rules and regulations set in India, a treasury manager gets average salary of Rs. 900,000 on a yearly basis. The chances of promotion in this department to higher positions are possible after almost 20 years. In this relation, the experience of the individual plays a vital role in determining the scale or the chances of promotion of the employee. The range of the salary is rupees 426,566 to 1,863,435. Moreover, a bonus of rupees 48,479 to 309,967 is given to the employee and it might vary depending on the experience of the employee.

Pertaining to this, a consultant like James Colhoun is of the opinion that the salary range differs from one company to the other and it also depends on the size of the organization. Besides, the location of the organisation also plays an important role as a deciding factor to set the level of salary of the treasury manager. However, experience also plays a big role in determining the salary of the treasury manager.

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