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Amid appraisal season, Karnataka okays 100% salary hike for CM, ministers and MLAs
The Karnataka government has approved a 100% salary hike for the Chief Minister, Ministers, and MLAs, citing rising expenditures. Some leaders defend the increase, while others suggest a more modest hike. The proposal has sparked debate amid concerns about the state's financial challenges, with critics questioning the necessity of the hike.
Lower tax on higher income in new tax regime from April 1: How your salary structure will decide if you get a big tax savings
The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax regime as they could save taxes on the investments and expenses made during the financial year. However, unlike the old tax regime, where the 30% tax rate starts at incomes above Rs 10 lakh, the 30% tax rate in the new tax regime will start from incomes above Rs 24 lakh.
Bengaluru techie gets a life lesson from Rs 5,000 crore man after he says Rs 18 lakh LPA is not enough in India's Silicon Valley
Billionaire Dr. A Velumani stressed frugality, citing a well-paid Bengaluru engineer struggling financially despite his high salary. The rising cost of living in cities like Bengaluru leads to significant expenses that overshadow income, making financial security a challenging goal for many urban professionals.
NASA astronauts receive 'No Overtime': How much did Sunita Williams and Butch Wilmore earn for their 9 extra months in space?
NASA astronauts Suni Williams and Butch Wilmore spent 278 extra days on the International Space Station (ISS) due to a spacecraft malfunction. Despite their extended stay, they received no overtime pay, earning only a $5 per diem for incidentals, totaling $1,430 for 286 days. Their annual salary remains around $152,258, similar to other federal employees. While astronauts love their work, the financial compensation does not reflect the challenges they endure, raising questions about astronaut pay for future missions as space exploration advances.
Will Sunita Williams & Butch Wilmore get overtime for staying longer in space than planned? Rules say, not a chance
Astronauts Sunita Williams and Butch Wilmore spent 286 days in space, significantly longer than planned. Despite the extended mission, they won't receive overtime pay. They get a daily allowance for incidentals and their regular salary. The unplanned extension was due to spacecraft malfunction, but both astronauts maintained a positive outlook on their experience in space.
Techie regrets shifting to Bengaluru for Rs 30,000 per month hike; post goes viral
A corporate employee's move from Noida to Bengaluru for a ?30,000 salary increase backfired due to severe traffic, poor infrastructure, and other challenges. The individual warned others to rethink such relocations and noted a social divide between North and South India. Many Reddit users shared contrasting perspectives on the cities, discussing safety and living conditions.
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Submit LTA proofs before March 31, 2025, to avoid risking tax notice when claiming LTA tax exemption in income tax return
LTA exemption: A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of the Income Tax Act. LTA tax exemption cannot be claimed for foreign travel. There are income tax rules defined to claim the exemption on leave travel allowance.
Butch Wilmore and Sunita Williams could earn a fortune after their 9-month space mission that was supposed to last 8 days; here's how much they will get paid
NASA astronauts Sunita Williams and Butch Wilmore will receive extra pay for their extended nine-month stay on the International Space Station due to propulsion issues. Although they won't get overtime or hardship bonuses, they will receive incidental compensation around $1,000. Their annual salaries range from $125,133 to $162,672, with overall compensation adjusted for the extended mission duration.
Gratuity payment: Quitting your job before 5 years? You can still get gratuity; know how
Gratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if they quit after working this long, they can still be eligible for gratuity. Know how long an employee should work before five years to receive gratuity payment. Know the rules to get gratuity before quitting your job.
GCCs in India expect 9.8 pc salary growth in next 12 months: Report
Global capability centres (GCCs) in India are set for a 9.8% salary growth over the next year as companies adapt to talent demands. India hosts over 55% of the world's GCCs and stands out in pay parity, especially in sectors like financial services.
Sunita Williams returns to Earth. NASA astronaut's family, education and salary
NASA astronaut Sunita Williams safely returned to Earth after nine months on the International Space Station, alongside her colleagues in a SpaceX Dragon capsule. They were carried out on stretchers as a safety measure. Williams, celebrated for her courage, was welcomed back by Anand Mahindra, highlighting her diverse heritage and significant achievements in space exploration.
Bengaluru doctor's salary shocks relative: His income tax is more than total earnings of relatives' sons
A doctor from Bengaluru tactfully handled a prying relative's question about his salary by revealing that his tax payments were higher than the total income of the relative's sons. His response garnered significant attention on social media, with many users sharing similar experiences of proving skeptics wrong and emphasizing the value of long-term success in the medical field.
Toxic workplace alert: 5 interview warning signs you need to know
Job interviews are not just about impressing employers; they also give candidates a chance to assess workplace culture. Career experts at resume.io highlight five red flags that may indicate a toxic work environment. These include unclear job descriptions and lack of career growth opportunities, disorganized interview processes, salary secrecy, excessive emphasis on long working hours, and high employee turnover.
Nestlé India jobs offering Rs 5-10 LPA salary? MD Suresh Narayanan says 'completely fake'
Nestlé India has alerted job seekers about a scam promising employment with lucrative salaries. The company advises checking job postings through official channels and warns against sharing personal information or engaging with unauthorized recruiters. CEO Suresh Narayanan urges candidates to avoid responding to fake advertisements.
'Tis the season of salary hikes... but don't expect much
Salaries in 2025 are expected to increase by an average of 9.4%, with the highest raises in the automobile and FMCG sectors at 10.5%. IT and IT-enabled services will see the slowest growth, and demand for AI-skilled professionals surges significantly. Overall attrition rates are declining, but ITES will experience higher turnover.
FT’s Online MBA ranking 2025: Which business school is most worth its tuition?
IE Business School continues to lead the Financial Times' Online MBA ranking for 2025, highlighting the increased standing of online programs. The top five include Imperial College, Warwick, and USC’s Marshall, known for significant alumni salary boosts. Rising gender pay parity and strong sustainability education are noteworthy, with IE's graduates seeing major career advancements.
This tax-free perquisite value for salaried employee will see a positive change in New Tax Bill 2025
Tax free perquisite: Experts say due to a tweak in language of the new tax bill, 2025 now tax free perquisite may include employee commuting costs through reimbursements, or transportation through employer owned/operated vehicles, and many more. Shalini Jain, Tax Partner, EY India says, "This could potentially reduce administrative burdens and make it easier for both employers and employees to comply with tax regulations."
Thinking of Quitting? Wait! Job-hopping no longer pays off as salary boost for changing jobs hits 10-year low, nearly matching job stayers
Recent federal data reveals that the pay gap between employees who stay in their jobs and those who switch has minimized. Job switchers saw only a 4.8% pay increase compared to 4.6% for job stayers. Tech employees face the most impact, with median compensations declining, and many workers receiving promotions without additional pay.
Nine months in space, but paid like a temp
NASA astronauts Sunita Williams and Butch Wilmore were on an eight-day business trip to the ISS that turned into a nine-month stay. Despite this, they receive no overtime pay and only a $4 daily stipend, highlighting the minimal compensation for their extraordinary service.
Expenditure on salaries, pensions of employees to be highest in Himachal budget 2025-26
Himachal Pradesh's 2025-26 budget allocates a significant portion to salaries and pensions, with 45% combined expenditure. Developmental works account for 24% of the budget, while interest and debt repayments add up to 22%. Revenue expenditure is projected at Rs 48,733.04 crore, with a substantial fiscal deficit expected.
Salary without any overtime benefits! How much NASA is paying Sunita Williams and Butch Wilmore for their nine-month stay at ISS
NASA astronauts Sunita Williams and Butch Wilmore will return to Earth after an extended stay at the ISS. They were delayed because of issues with the Boeing Starliner spacecraft. They are set to arrive on Tuesday, March 18, in a SpaceX Crew Dragon craft. Their total mission earnings will include additional incidental pay.
Boss refuses leave on Holi, threats to cut salary of anyone on leave. Netizens ask employee to 'Name and shame'
An employer refused leave for Holi and mandated no traces of color on employees entering the office. A frustrated employee's post on Reddit sparked discussions on toxic work culture in India, with many criticizing the company's stringent policies and questioning workers' rights and festive freedom.
Company rejects 21-year-old over salary expectations: Job seeker claims his age was the issue
A 21-year-old job seeker shared his disappointment after being rejected by a Japanese company despite clearing all interview rounds. According to his Reddit post, the company lost interest upon learning his age and salary expectations, citing him as "too young" for the role. The story sparked a debate online, with many users highlighting Japan’s seniority-based salary system and age-biased hiring culture. While some suggested that cost concerns, rather than age, led to the rejection, others advised seeking opportunities in global companies.
How much DA hike can central government employees expect from January this year?
The government is likely to announce a Dearness Allowance hike for central government employees and pensioners, effective January 1, 2025, sometime soon. Experts are predicting a 2% to 4% increase, impacting salaries and pensions positively. The increase will be determined based on inflation data. The formation of the 8th Pay Commission, which will be effective starting January 1, 2026, is also set to hike salaries and pensions of central government employees.
Intel's new CEO's pay package valued at $69 million, with $1 million as base salary
The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18.
Advance tax deadline March 15, 2025: These salaried individuals don’t need to pay the advance tax unless circumstances changed; Know how
Advance tax deadline: March 15, 2025 is the advance tax deadline for FY 2024-25. However, if you are a salaried individual and your employer deducts TDS then you need not pay advance tax unless certain situations happen. Some examples of such situations is: you got capital gains income, or dividend income or you switched to another company in middle of year, many more. Read below for more.
Third Eye: New government, new school dress, remembering gesture, and agreement on salary hike
N Chandrababu Naidu's government in Andhra Pradesh has changed the colour of school uniforms from blue and purple to politically neutral green, distancing from the previous YSRCP government's colours. A gesture by Mallikarjuna Kharge towards BJP's R Ashoka was remembered, while J&K MLAs showed a rare consensus on increasing their salaries from Rs 1.
$50 billion boost coming for India with wage revisions in 2026
India is set to experience a $50 billion increase in consumption and savings from the 8th Central Pay Commission's wage revision for government employees and pensioners in January 2026. UBS predicts the wage hike will mainly enhance savings while ensuring fiscal stability, with various scenarios impacting GDP growth and interest rates.
Pay salary, benefits to consumer body members sans delay: SC to states
The Supreme Court has ordered all state governments to immediately pay the salaries and perquisites of chairpersons and members of state and district consumer redressal bodies as per existing rules. The court also directed the Centre to decide on amending the relevant model rules, warning that it may use its constitutional powers if no decision is made.
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