Salary FAQs





Salary and career as Airhostess

The job of Airhostess is not just confined to serving food in flight but extended to certain other duties such as making sure of flight’s duration, emergency measures if required, knowing weather conditions. They also make sure that everything is in its places after use. They also take important instructions for their specific flights. Along with this other items of comfort such as blankets, medicines, eatables, pillows etc are also taken care by airhostess.

Requirements to become airhostess
Age: In India to become an airhostess your minimum age should be 19 years. In certain airlines the age limit is between 19-27 years.
Qualification: Candidate must be 10+2 pass and one who has diploma or degree in Hotel Management is always preferred.
Document: In documents, it is the passport which is must to have.
Height: Minimum height to join Indian Airlines is 5'2" but it may vary from airline to airline.
Weight: Weight of the candidate should be according to her height.
Eyesight: Eyesight should be normal i.e. the minimum uncorrected distant vision of 6/24 in each eye
Swimming: If you want to become an international airhostess then you must know how to swim as it may require in case of emergency.
Medical Fitness: Before joining an airline, airhostess has to go through various medical fitness tests such as X-ray, eye test, blood, urine, AIDS etc.
Language Proficiency: Having good command over English is another essential thing. If you know any other international language then that would be an added advantage.

Benefits and Salary of Airhostess On an average airhostess earn between Rs. 20,000 to 35,000 per month, excluding perks and benefits. But this may vary from airline to airline. Along with this airhostess enjoys lucrative benefits like free or discounted air tickets for them and their families, insurance coverage etc.

Q) What are the Components of Cost to Company (CTC) Salary?

A) The CTC components which are also part of your in-hand salary are:
Basic,
Dearness Allowance,
Incentives or Bonuses,
House Rent Allowance,
Medical Allowance,
Leave Travel/Concession Allowance,
Conveyance Allowance,
Telephone/Mobile Bill Allowance,
Special Allowance.
*It is not mandatory for companies to include all the above components.

Components which are part of your CTC but not your in-hand salary:

PF Contribution-12% of your basic pay is your PF contribution; your company also pays a similar amount as the PF contribution to your PF account. Since the company is bearing this cost for you hence it becomes a part of your CTC. The ceiling for PF contribution can be considered as 12% of 6500 i.e. in case your Basic Salary is more than 6500; your PF contribution can still be considered as 12% of 6500.
Reimbursements- like your Medical bill, Conveyance Bills, Phone Bills, Book Purchase
Insurance- Most of the reputed companies provide free health or life insurance to their employees and dependents. The premium paid towards such insurance policies make a part of your CTC
Medical Facilities-Many companies provide free health checkup for their employees. A per employee cost for such facilities are worked out and added to your CTC component.
Transport Facility- Companies might also include the cost of providing office transport to your CTC.
Subsidized Meals: The cost of the subsidy provided on the meal per employee can be a part of the CTC.
Example:
Basic=10000
DA= 5000
Bonus=1000
HRA=5000
Medical Allowance-1250
LTA=3000
Conveyance Allowance=800
Telephone Bill= 500
Special Allowance= 1550
As per the above calculations your in-hand (subject to tax liability) is Rs. 337,200 annually
Including the other components:
PF= 1560 per month (Considering 6500/- as basic for PF calculation)
Reimbursement= 3000 per month
Insurance= Considering the Insurance cover is for 1 lac the premium is 2000
Medical Facility= 500 per month
Transport Facility= 1200 per month
Subsidized Meal: If you pay Rs 15/- for per meal whereas the company contributes Rs 40/-. So the total cost in the month adds upto 40* 22=880Rs per month
So the CTC now comes to 337200+87680= Rs. 424,880 annually


Q) What is Provident Fund (PF) in a salary package?

A) Provident Fund was introduced to ensure a level of financial adequacy for individuals after retirement. All establishments which have 20 or more employees have to contribute towards this. The contribution is made by both the employee and the employer. Presently 12% of the Basic Pay is considered as the contribution amount for employee and employer respectively. A cap of 6500 as basic can be considered for PF calculations. An employee can withdraw up to a specified amount from his PF before retirement too. The PF account does not change on job change, the account remains the same with just the change in employer's name.


Q) What is Medical Facilities in a salary package?

A) Many reputed companies house health specialist within office premises, also free health checkup facilities are extended to employees. Facilities like these can be considered as Medical Facilities. The cost of medical facility per employee is worked out on the basis of total cost incurred and the no. of employees in the company


Q) What is TDS in salary package?

A) TDS stands for "Tax deducted at source", it is one of the provisions in the Income Tax to ensure regular inflow of revenue to the Government. This also helps in preventing tax evasion. Under TDS anyone who is making a payment is responsible for deducting a prescribed amount from the payment. The deducted amount is remitted to the Government account. The personnel responsible for deducting the TDS must calculate the tax payable by an employee for the year and start deducting tax at average rate. The term salary includes wages, any annuity or pension, gratuity, any fees, commission, perquisites or profits in lieu of or in addition to any salary or wages. (These payments are covered under sec. 192 of the Income Tax Act 1961). The income from salaries is required to be computed on estimated basis at the beginning of each financial year, taking into account salaries or remuneration paid or allowed. Income Tax payable on the basis of such estimated salary income should be deducted at the rate applicable to the corresponding slab of income every month in equal installments subject to adjustments depending upon tax saving investments made by the deductee.


Q) How Can I Find Average Salaries for My Profession?

A) Salary offered by companies depend on many factors like experience, location, academic excellence etc. Few organizations quote the CTC including all the direct and indirect cost the the company will incur for the position while few companies just quote the direct cost. However a close watch on the advertised jobs on the job portals related to the profession can be of help.


Q) How Can I Negotiate a Salary Offer?

A) If you are a fresher it is adviced that you refrain from salary discussions at initial stages of interview process. Most of the companies have pre-decided salary brackets at entry level. In case you feel that the salary offered is way below your expectation and industry standards; you might try to put forth the value you can bring to the company and request for a better offer so that it takes care of your financial insecurity and you can focus on the job responsibilities.It is advisable to refrain from quoting salaries of friends in other companies getting better offers, this might not settle well with the recruiter.


Q) How Should I Compare Job Salaries?

A) Job salaries can be compared on the basis of location, industry, qualification, benefits and perks. There are few online tools available which can help you compare salaries.


Q) What is Hardware and Networking Salary in India?

A) Hardware and Networking as a career choice can be very progressive provided you start your career with the basic certifications and constantly upgrade yourself with higher levels of certification.


A fresh graduate or hardware and networking diploma holder from recognized institutes/polytechniques with MCSE and CCNA certification; can expect to start a career at a salary of 0.96-1.20 lacs per annum. These certifications validate your knowledge of basic networking protocols, including TCP/IP; the ability to install and configure hardware, software and device drivers. Also the ability to install, configure, operate, and troubleshoot medium-size routed and switched networks, including implementation and verification of connections to remote sites in a WAN. If you are a qualified engineer and additionally posses the basic certifications; you can start your career at .44-1.80 lacs per annum.


As you upgrade yourself to higher certification of CCNP with the help of which the knowledge and skills required to install, configure, and troubleshoot Cisco switches and routers in multiprotocol networks is imparted; you can expect a salary between 1.20-1.80 lacs per annum. There are a number of certifications like MCITP (Server Administrator), Red Hat(Linux Based) which can take you up the ladder as you gain more technical knowledge and on the job experience.



Q) What is Bank PO Salary in India?

A) Banking profession has always lured young graduates’ cause of the respect, security and attractive package n benefits it offers. IBPS (Indian Banking Personnel Selection) is responsible for conducting Common Written Examination on behalf of 19 nationalized banks in India. This examination is conducted twice a year. The banks select candidates who meet their cutoff of CWE score and clear their interview. Those selected as PO (Probationary Officers) are inducted on probation for two years and post training are assigned positions based on their performance during probation.


A screening test is conducted after the probation period and those who are able to clear the test and meet the performance standards during probation are promoted to middle managerial position. For PO; who falls short, is usually assigned a position at the junior managerial level. The best part is that; there are regular evaluation and exams conducted and individuals who perform well can very well keep attaining greater heights. Consistent performers can reach the senior managerial positions in 10-12 years.


The starting salary of a Bank Probationary Officer of a PSU bank is approximately 2.76-3.00 lacs per annum.This largely depends on the city; as the city compensatory amount for metros are higher. The salary package includes components of Basic salary, Dearness allowance, House Rent allowance and City Compensatory allowance. Other than this; the position of a Bank Probationary Officer offers you the benefits like Traveling Allowance, Medical Allowance, and Incentives etc. The perks and benefits vary as per the individual banks policy.


Q) What is the salary of a CA?

A)As one of the most prestigious professions offering great career scope; a Chartered Accountants areas of expertise includes financial reporting, auditing and assurance, arbitration, corporate finance, corporate law, direct tax, indirect tax, economics, information systems audit, management accounting, risk management and valuation of businesses.


Chartered Accountants are members of Institute of Chartered Accountants of India and are subject to a published Code of Ethics and professional standards, violation of which is subject to disciplinary action. To be entitled for appointment as auditor of an Indian company under the Companies Act, 1956, it is mandatory to be a member of ICAI. A person can become a member of ICAI by taking prescribed examinations and undergoing three years of practical training (articleship).


A member of ICAI can use the title CA before their names. A member of ICAI may either be an Associate Chartered Accountant (A.C.A.) or a Fellow Chartered Accountant (F.C.A.) based on his experience.


ICAI also provides placement assistance to its members. The average salary being offered to a newly qualified Chartered Accountant (CA) in 2011 was 6.74 lacs. The highest package offered was for international posting at approx 70 lacs per annum, the highest domestic offering was at 13.92 lacs per annum. The minimum package offered was 3.27 lacs per annum.


The top recruiters in 2011 were from IT Sector, Banking and Financial Services.


Q) What is the Salary of a Pilot?

A)The phrase ‘giving wings to your career’ as cliché as it may sound has had many youngsters dreaming of making it as the suave and attractive Pilot. As a profession it has always been presumed as one of the high paying jobs with a lot of prestige attached to it.


Career as a Pilot is a very demanding and carries huge responsibility. Technical know how, physical fitness, attention to detail, meticulous, effective communication skills, ability to stay calm under pressure all add up to making a good pilot who is entrusted with the lives of people he is flying .In India, we have both government and private players in the aviation industry and thus the demand for good pilots is always present.


To become a Pilot, one needs to have passed 10+2 with physics, chemistry and mathematics with minimum 50% score. There are a number of clubs which are recognized by the Directorate General of Civil Aviation (DGCA), wherein one can enroll to gain the knowledge and skill sets of becoming a pilot. These clubs conduct tests at three levels: Student Pilot License, Private Pilot License and Commercial Private License. At all the level one would need to meet the requirements at both theoretical and practical curriculum.


After clearing the test and acquiring the Commercial Pilot License (CPL) one can start a career as a Trainee Co- Pilot, followed by Co- Pilot (Junior) and thereon to Co-Pilot (Senior) and ultimately the Commander.


The salary package of a pilot would depend on a number of factors namely total years of experience with the airline i.e. seniority, aircrafts flown, monthly schedule, international route experience, experience of flying long haul flights etc.


To start with; the government airlines pay is as per the government pay scale which is usually 6-7 lacs per annum excluding other benefits. Private airlines have higher pay packages; with an average start at 15 lacs per annum.


Q) What is Business Analyst Salary in India?

A) Business Analysts are much in demand in Finance/ Banking Sector, Pharma Sector, IT Sector, Insurance, Telecom and also in Research/Consultancy Companies. A business analyst bridges the gap between the business and the technical team. A business analyst needs to have skills of technical, analytic, communication (verbal and written), interpersonal / soft skills (meeting facilitation, interviewing), presentation, problem solving, modeling and business-oriented skills and industry knowledge.


In India, usually individuals who have an academic background in IT coupled with a MBA are eligible for the Business Analyst jobs. There are a few organizations though who hire candidates who have an IT background and have good analytical skills; a degree in MBA is not mandatory for these organizations.


For a MBA fresher the salary might vary between 3-5 lacs per annum. A sound background in IT is very important for a Business Analyst role. Hence an experience in IT industry coupled with an MBA presents a very good possibility of a salary range between 6-8 lacs. Please note that salary offers are based on many factors like qualification, institute level, experience domain etc. There are many prominent IT companies and research based companies which offer very good salary packages for a Business Analyst role. Accenture, BCG, Capgemini, Cognizant,JP Morgan, Mckinsey, IBM, Deloitte to name a few.


Last Updated: 11/27/2012