Latest Update on Dearness Allowance (DA) DA hiked to 55%: The most recent update saw a 2% increase in DA for central government employees, bringing the total to 55%. This change took effect on January 1, 2025. Impact on salary: The DA hike translates to an increase in...
Have you ever wondered what exactly makes up your total compensation as an employee? Beyond just your in-hand salary amount, your remuneration package consists of various components and perks. But do you fully understand what these components are and the typical...
Table of ContentsWhat is CTC (Cost to Company) in Salary?What Components Include in CTC (Cost to Company)?Fixed Components Typically Includes:-Variable Components Typically Includes:-In Deduction Typically Includes:-How is CTC (Cost to Company) Calculated?Want to...
17 minute read ● Updated: 10 August, 2024 Emoluments in Salary? Have you ever wondered what the term "emoluments" truly encompasses? In the realm of employment, understanding the nuances of emoluments is crucial, as it directly impacts your overall...
Are you an employee in India wondering what allowances are and how they can impact your overall compensation package? In today's competitive job market, understanding allowances is crucial for maximizing your earnings and ensuring fair...
Are you expecting a new addition to your family soon? As an Indian parent-to-be, understanding your rights and benefits around parental leave is crucial. However, with complex policies and sparse information, navigating parental leave in India can be challenging. Did...
Content On This PageWhat is Hazard Pay?Hazard Pay Laws and Regulations in IndiaImplementing Hazard PayHazard Pay Best PracticesKey TakeawayFAQs Related to Hazard Pay What is Hazard Pay? Hazard pay, also known as high-risk allowance, is additional compensation provided...
Content on This PageIntroduction to the Labour Welfare Fund (LWF)Contribution to the Labour Welfare FundUtilization of Labour Welfare FundAdministration of Labour Welfare FundCompliance and Penalties Under LWFLWF Reforms and DevelopmentsKey TakeawaysFAQs on Labour...
What is Employee Provident Fund (EPF)?10 Benefits of Employees Provident FundEligibility Criteria for EPFTypes of Provident Funds (PFs)What is Provident Fund Contribution?Points to Consider For EPF ContributionHow to Check Your PF BalanceHow to Withdraw, Claim or...
In today's fast-paced work environment, striking a work-life balance is crucial for maintaining employee well-being and productivity. One of the essential tools that employers offer to their employees to achieve this balance is Paid Time Off (PTO). PTO is a valuable...
