Jobs in India – NaukriHub Blog

Who said that only academic degrees brought you the dream jobs? Here is a list of professions that pay well but do not require any specific educational qualification for applying:

• Margin Department Supervisor
• Air Traffic Controller
• Automobile Service Station Manager
• Real Estate Broker
• Web Surfer
• Lead Carpenter
• Cable Supervisor
• Chemical Supervisor
• Homecare Aide Supervisor
• Flight Service Manager

Salary Range in India

Average Salary (per annum) for different economic sectors in India

Best Companies to Work for in India and their Salary Range

The Economic Times conducted a survey to name the best ten workplaces of India. An employee poll suggested that these organizations are popular not only for their salary structures, but also for allowing the freedom to employees to execute their ideas, a congenial work environment and maintenance of work – life balance amidst reaching targets.



Salary in India

The job scenario in India is growing by the day, offering employment to nationals and international citizens. The salary offered is one of the most important factors to keep in mind while selecting a job. Listed below are some jobs in India which offered employees the highest salaries in the financial year 2011 – 2012.

Career in Management – Management professionals in India earn the most in the present financial system.  The corporate sector in India is booming and the demand for management executives is on the rise as each company has employees who take care of recruitment, financial dealings and the overall security of the organization. A top brass management position demands MBA or PGDM from a premier institute such as the Indian Institutes of Management (IIMs) and IBS (International Business School).

Career in IT and Software – The reason for the growth of this sector lies in outsourcing jobs which are in demand all over the world. Software engineer, software developer and quality assurance engineer are the highest paying positions in this sector. An engineering degree (BE / B.Tech) from institutes like the IITs (Indian Institutes of Technology) and NITs (National Institutes of Technology) will help the applicant to apply for the topmost positions in a software firm.

Career in Airlines Industry – With the advent of private airlines in the aviation industry, job opportunities have increased. Pilot, captain, support personnel, air hostess, air traffic controller and ground staff are the main positions applied for in airlines industry.  Graduate with a specialization in aviation courses can apply to these jobs.

Career in Chartered Accountancy – Chartered accountants are in demand in the banking, finance and corporate sectors. The chief tasks of a CA are to calculate the financial forecast of a company, make financial strategies and supervise personnel who are undertaking finance actions for the company. The CA examination is divided into different stages, controlled by the ICAI (Institute of Chartered Accountants in India) and takes five years to complete after school.

Career in Medicine – Doctors and other medical professionals can earn irrespective of economic condition of market. Doctors can work in government hospitals, private hospitals, private clinics or start their own practice. MBBS is the elementary degree for a career in medicine; MD is required for a career growth.

SAP Consultant – The personnel who help in developing hi technology services for a company thus enabling an organization to control business operations with national and foreign units are called the SAP consultants. SAP Consultant education is a short term course that can be pursued after graduation.

Career in Law – Mastering the legal system of the country and defending clients based on that system can earn a lawyer lakhs and sometimes crores in a single case. There are government and private corporate practice options for lawyers and advocates. They can also start their own legal firm. LLB and LLM are the essential educational qualifications.

Showbiz – Modeling and acting are the chief sectors of the showbiz sector of the Indian economy. The earnings from these professions are not regular but very high for a single project. No specific educational background is required to become a model or actor.

Oil and Natural Gas Sector – Marine engineers, offshore drillers and geologists are the highest paid positions of the oil and natural gas sector of the Indian economy. Overseas posting is an integral part of working with this sector. Graduates in science and geography can apply to jobs in the oil and natural gas sector.

Sports and Games – Salary from this sector also depends more on performance than on qualifications. Any person with the skill for a sport is selected for the national level team. A sportsperson has to play for district levels at the beginning of career.

Salary in India

Income Tax Slab for Financial Year 2011 – 2012

The finance ministry of India released the income tax slabs for salaried professionals in the country. Listed below is the income tax to be paid by Indian citizens for corresponding annual incomes.

Income Tax Slab (in INR) for General Tax Payers in 2011 – 2012

• 0 to 1,80,000 – no tax to be paid
• 1,80,001 to 5,00,000 – 10 % of annual of income
• 5,00,001 to 8,00,000 – 20 % of annual income
• Above 8,00,000 – 30 % of annual income

Income Tax Slab (in INR) for Women in 2011 – 2012

• 0 to 1,90,000 – no tax to be paid
• 1,90,001 to 5,00,000 – 10 % of annual of income
• 5,00,001 to 8,00,000 – 20 % of annual income
• Above 8,00,000 – 30 % of annual income

Income Tax Slab (in INR) for Senior Citizens (from age 60 to 80) in 2011 – 2012

• 0 to 2,50,000 – no tax to be paid
• 2,50,001 to 5,00,000 – 10 % annual of income
• 5,00,001 to 8,00,000 – 20 % of annual income
• Above 8,00,000 – 30 % of annual income

Income Tax Slab (in INR) for Very Senior Citizens (above 80 years old) in 2011 – 2012

• 0 to 5,00,000 – no tax to be paid
• 5,00,001 to 8,00,000 – 20 % of annual income
• Above 8,00,000 – 30 % of annual income

The highlights of the income tax slab released in 2011 – 2012

• The base slab for the general tax payers was increased from INR 1,60,000  in financial year 2010 – 2011 to INR 1,80,000 .
• The minimum qualifying age for senior citizens was reduced from 65 years in financial year 2010 – 2011 to 60 years.
• The base slab for the senior citizen category was also increased from INR 2,40,000  in financial year 2010 – 2011 to INR 2,50,000 .
• The category of ‘very senior citizen’ is a first time addition in the 2011 – 2012 income tax slabs. This category was not in existence in the previous reports of the union budget authority for income tax payment.
• There has been no increase in the base tax slab for women when compared to the income tax report of the previous year.

The income tax slabs for the assessment year 2012 – 2013 has also been released by the Income Tax Department of the government of India. The slab is exactly the same as that of financial year 2011 – 2012. The slabs for the general tax payers in 2011 – 2012 are also applicable to in the case of Hindu Undivided Families in 2012 – 2013.

The income tax slab is applicable only for salaried professionals residing in India. The non residents (NRIs) are exempted from payment of taxes if their salary is drawn from a foreign country. However, the same slabs as applicable for general tax payers, are applicable if non residential Indians accrue income through business units or other professional settings within the boundaries of India.

Salary in India

The government of India directs the imposing of taxes on the income of individuals, companies, trusts, cooperative societies and HUFs (Hindu Undivided Families) in the country. This tax, known as the income tax in India, is levied by the Indian Income Tax Act introduced in the year 1961. According to the report of the Indian Income Tax Department, there were more than 35 million tax payers in the country in the financial year 2010 – 2011. The department of Income Tax of India is under the control and management of the Central Board for Direct Taxes (CBDT) which in turn is under the ministry of finance of the Government of India.

Income from Salary in India

According to the directives of the ministry of finance in India, all income that is received by an employee as salary from his/her employer is taxable following the rate assessed by the union budget released at the end of every financial year. Both revenue and capital incomes are chargeable on tax slabs brought out by the Union Budget Finance Act. The government of India notifies that an employer must compulsorily deduct tax from the income of an employee if his annual salary exceeds the exemption limit mentioned by the Income Tax Department. This tax is known as the TDS (Tax Deducted at Source).

Before the payment of income tax, an employee is given the Form 16 by his/her employer. The net income of the employee and the tax deductions on that income is mentioned in the Form 16. The other deductions provided from the salary of the employee are also mentioned in Form 16. The income tax is generally the lowest of all deductions from the salary of a working individual in India. Some other deductions are mentioned below:

Medical reimbursement – Amounts up to INR 15,000 annually. It may be tax free if medical bills are provided in support.

Transport allowance – The amount of up to INR 96,000 per year is tax free. No bill is to be submitted in support.

Tax exemption is obtained in the case of conveyance allowance.

Professional tax is imposed on employees based on their gross income. The professional taxes are imposed by the state government and are generally exempted from the income tax of an employee.

The house rent allowance is also deducted from net income tax payable every financial year.

Deductions on the Income Tax

Certain payments or investments are exempted from income tax deductions in India. They are categorized into different sections like:

Section 80C Deductions – Investments like Public Provident Fund, Life Insurance, National Pension Scheme, Equity Linked Savings Schemes, Fixed Deposits, tuition fees for children and housing loans fall under this section of the Income Tax Act. An amount up to INR 1,00,000 is deductible under this section.

Section 80CCF (investment in Infrastructure Bonds) – This deduction was introduced from April 2011. Under the section, a maximum investment of INR 20,000 in infrastructure bonds may be deducted from total income tax in addition to the total deductions allowed from Section 80C.

Section 80D (investment in Medical Insurance Premiums) – A total deduction of INR 35,000 is allowed through investments in health insurance like mediclaim policies. This investment includes payment of premium towards the health schemes for spouse, children and dependant parents, and also from any cheque paid by a proprietor firm. This deduction from income tax is applicable after all exemptions obtained from Section 80C.

Jobs in India