What are the benefits given to the Assistant Professor?
“What nobler employment, or more valuable to the state, than that of the man who instructs the rising generation.”- Marcus Tullius Cicero
The respect and inspiration attached to the position of Professor can never be disregarded. The remuneration in terms of salary and other benefits offered to Assistant Professors is very attractive. As per the UGC guidelines following are the benefits extended to an individual at the level of Assistant Professor:
House rent Allowance- It ranges from 10-30% of basic salary; the categorization is done on the basis of the city of residence.
Transport Allowance-One is entitled for Rs 1600-3200/- plus DA per month. The deciding factor again is to be the city of employment.
Children’ Education Allowance-Entitlement for per child upto two chills would be around Rs. 1000/-. In cases where the children are in hostel the amount would be Rs. 3000/-.
Academic Allowance- An amount of Rs 1500/- per month is extended.
Research Promotion Grant- The commission has recommended that new entrants should be given one time start up seed money of Rs. 2 Lacs and Rs 5 Lacs for humanities/social sciences and sciences respectively as financial support for carrying out research against duly approved projects.
Special Compensatory (Hill Area and Remote Locality) Allowance- To attract teachers to work in hill areas and remote areas a special compensation is granted.
Special Allowance for serving in North Eastern Region(including Sikkim and Ladakh)-This is to be 12.5% on pay plus grade pay.
Deputation Allowance- A provision for special allowance has been created for local and outstation deputation
Leave Travel Concession (LTC)-For travel to Home Town three times in a four year block.
Travelling Allowance-similar to the benefit extended to employees of central government above a certain grade, teachers too at corresponding grade are entitled.
Medical Insurance- Of the total premium only 30% is contributed by the Assistant Professor.
Group Insurance- Wherein the employee makes partial contribution.
Consultancy- Teachers are encouraged to accept consultancy, directing projects, registering patents, R&D products and technology transfers. The earned resources would be
Money Received upto 30% of gross salary- No Sharing
Money received beyond 30% and upto the gross salary- 70% with Teacher and 30% with the institution
Monet Received beyond gross salary- 50% with Teacher and 50% with the institution
Pension- The Assistant Professor would be entitled to pension as well after retirement.
Reemployment- Teachers may be reemployed selectively on contract basis after superannuation.
Provident Fund- As per government norms teachers are to be a part of the contributory provident Fund.
Gratuity-After completion of 5years of continuos service one becomes entitled to gratuity. The upper limit of which is capped at 10 lacs.
Ex-Gratia Lump sum compensation in case of Death on Duty- Death occurring due to accident or due to violence by terrorists/anti social elements in the course of performance of duties.
Other then the above mentioned benefits, an Assistant Professor might also be entitled to allowance for academic Books/CD/DVD, Stationary, Subscription fee for membership of professional societies. The expenditure of attending conferences, seminars workshops etc are wholly or partially reimbursed.
Posted on : 29-03-12
What are the benefits of Bank PO?
Job in the banking industry especially as a Bank Probationary Officer offers very good perks and benefits. The salary offered is very competitive in addition to that the other benefits offered make it a very lucrative career choice. The perks offered vary with the banks but approximately Rs. 4000-5000 can be attributed to the benefits extended. In addition to this one is also eligible for leased accommodation, wherein the entire rent is borne by the bank. Few general facilities and benefits extended to Bank PO would be Allowances for conveyance, newspaper and entertainment. There would be Reimbursements for medical expenses and furniture.
Loans are also available at concessional rates. In addition to the above it should be noted that the opportunities for faster promotions and attractive incentive schemes are also offered to good performers.
Posted on : 28-03-12
What is the Salary Package of Receptionist in Taj?
The opportunity to work with one of most prestigious and renowned names in the hotel industry in itself sounds like a dream. If you are through with your +2 or want to explore opportunities after your graduation, the job role of a receptionist offers good avenues. The prerequisites would be fluency in English, good interpersonal skills, calm temperament, and a graceful personality. The salary package offered by Taj Group for the role of a receptionist would be around .96- 1.20 lacs per annum. The salary and perk would also depend to a larger extent on the city of employment.
Posted on : 26-03-12
Is the salary paid in dollars taxable?
Salary earned for rendering services in India is taxable in India irrespective of the currency of payment.
In cases where the individual goes abroad for employment and is paid in dollars, it is taxable in India based on the residential status of the individual during that previous year. However, credit against any tax paid on the income earned outside India is available against the total tax liability on income earned within India or from outside India.
The norms deciding on Residential Status
Resident Ordinarily Residents-Under this category, a person who during the financial year (April to March) satisfies any one of the following two basic conditions:
(i) He is in India for at least 182 days in the financial year
(ii) He is in India for at least 60 days in the financial year and his total stay in India for last four preceding previous years is 365 days or more.
Resident but not Ordinarily Residents- An individual who satisfies either of the conditions mentioned above(ROR) and also the following conditions -
(i) He has been non-resident in India in 9 out of 10 years preceding the relevant previous year; or,
(ii) He is in India for 729 days or less during 7 previous years preceding the relevant previous year.
Not residents are taxable in relation to income received in India or income accrued or deemed to be accrue or arise in India and income from business or profession controlled from India.
Non Residents-Non Residents are exempt from tax if income accrue or arise or deemed to be accrued or arise outside India. However their income is Taxable in India if it is earned from business or profession carried out from India or from any asset situated in India.
Posted on : 22-03-12
What is Part Time Journalist Salary in India?
The fourth estate is one which possesses immense power; it is capable of bringing about a revolution. The pivotal role played by media in present era has enthusiastic youngsters making a beeline to the institutes offering courses in Journalism. Both ‘Broadcast Journalism’ and ‘Print Journalism’ are a sought after career choice for confident young minds. The passion to make a difference and the idea of ‘Pen is mightier than sword’, not to forget the excellent remuneration and rewards as one goes up the ladder are motivation enough for ‘Journalism’ to be a good career choice.
Individuals can associate with agencies as full time employees or can work as part-time journalist too. As a part-time journalist one gets the opportunity to write on a wide variety of topics. The takers can be the newspaper houses and news channels. One can also find part-time opportunities with agencies which are looking for detailed reports from places of conflict.
For individuals who are new to this profile a salary of approximately 1 lac per annum can be expected for part-time work of about 12-15 hours a week. The remuneration for part-time assignments is based as per assignments and largely depends on the event being covered.
Posted on : 21-03-12
What is Pharmacist Salary In India?
The role of a Pharmacist is beyond the friendly advice at the chemist shop that we seek for common health ailments. A Pharmacist is trained in the anatomical and physiological sections of medicine in addition to the biochemical mechanism of drugs. A pharmacist understands the role of drugs, how it is to be administered and under what conditions there can be side effects. It is considered to be a major area of medicine and healthcare and finds places in all major health establishments. A qualified Pharmacist can practice his knowledge as a ‘Retail Pharmacist’ or can become a part of the hospitals and related institutions as ‘Hospital Pharmacist’.
One can also contribute as a Pharmacist in an Industry, Military, Educational Institutes, Research domain and Government Agencies.
The starting salary as a Pharmacist would range between 1.20-1.44 lacs per annum. Education can help you in your career growth, as you acquire specialization in a wing of pharmacy the remuneration will also grow.
Posted on : 02-02-12
What is Linux System Administrator Salary in India?
A Linux System Administrator is entrusted with the responsibility of installing, supporting and maintaining computer systems in Linux environment. Gigantic amount of data is stored and exchanged in organizations functioning with the aid of data and systems; hence the planning for efficient functioning of the servers and responding to crisis is the key job responsibility of a Linux System Administrator. Computer Security is one of the most crucial elements and this comes under the purview of a System Admin. Although administrators are different from developers nevertheless it is mandatory for System Administrators to be familiar with scripting languages.
This field is dominated by engineers and those from computer science background. To ensure a good placement as a fresher it is recommended that in addition to doing well in your academics you get a certification like RHCE. The salary remuneration at entry level is between 1.80-2.4 lacs per annum. A career as a Linux Administrator can be fun or can be strenuous, it all depends on your attitude and how well you get to master the system, keep learning new technologies and be proactive in terms of backup, storage capacity and redundant systems for crisis.
Posted on : 20-03-12
What is Equity Dealer Salary in India?
We have been lately more pronounced in our efforts to capitalize from the developments happening in the stock market. There has been prominent increase in the number of individuals from different walks of life getting engaged in trading stocks. This increase has been feasible coz of increasing number of brokerage firms operating today, who have been advising us on subjects of investment and trading stocks through their qualified Equity Dealers. Equity Dealers are responsible to generate brokerage primarily through advising clients on their equity portfolio for long term investments as well as positional trading ideas in stocks for short/ medium term.
To give advice and guide the clients it is important that these individuals are well qualified, have the necessary economic acumen and financial expertise to understand the operating of the stock market, hence it becomes mandatory for them to have NCFM certification Cash and Derivative. A BCFM (BSE cash) certification will be an added advantage.
The salary bracket for entry level is around 1.20-1.44 lacs per annum. Additionally most of the firms also provide incentives based on financial gains.
Posted on : 19-03-12
What is the Dietitian Salary in India?
Our lifestyle is to be blamed for the increasing number of morbidity that we find prevalent around us. Unhealthy eating habits, sedentary lifestyle, erratic schedules, stress etc. all the ingredients for a perfect recipe of illness.
What we eat and how do we eat has a lot of say in keeping us in pink of health. A Dietitian is not synonyms with Weight Loss Guru, their role is not limited to help us lose weight, rather they are specialists who have been educated and trained to understand food production and processing, psychological factors influencing food choice, digestion and its effects on nutritional aspects. Hence a Dietitians role as counselors who prepare diet chart for recovering patients in hospitals, growing needs of children in schools and colleges, balanced nutrition for employees in corporate houses is being increasingly recognized and respected.
We have many recognized educational institutes providing degree courses in this field and there exists various specializations too. The remuneration to start with would range between .96-1.44 lacs per annum. Career opportunities can be explored in Government Sectors, Educational Institutes, Hospitals, Clubs etc. as well as Private Consultant to celebrities.
Posted on : 18-03-12
What is the BBA Salary in India?
Individuals aspiring to join the corporate world in the domain of business management find Bachelors in Business Administration to be an attractive course. This course works on enhancing the communication skills, business management skills with the aid of a curriculum which lays emphasis on practical knowledge through internship.
The career scope can be explored in industries like IT, Banking, Financial Services, FMCG, Pharma and Export Houses etc
Opportunities for fresh graduates are available for sure but if one wishes to climb the success ladder it is recommended to go in for higher studies in Business Administration, i.e. MBA. It is considered to be a good strategy to join an organization post a BBA degree, gain work experience and then pursue higher studies.
A fresh BBA graduate can expect a salary between .84000-1.44 lacs per annum.
Posted on : 16-03-12