Indian employees to receive a hike of over 10% in 2023: Report

Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender / withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year. 10Guaranteed benefits are payable depending on the plan option chosen, subject to all due premiums being paid. ALife Cover is the benefit payable on death of the life assured during the policy term. “The current talent market in India is dynamic and evolving rapidly, shaped by a combination of global economic trends, technological advancements, and changing workforce expectations. As the Indian economy continues to grow, competition for top talent is intensifying across various industries.

For all the students who are wondering what to do after b.com, this popular course is well known in 173 countries and is opted for by thousands of students worldwide. There are 14 papers that you need to clear in this course, and the duration of this course is two years. Multinational companies have a high demand for graduates of this course and pay a salary ranging from 5 to 16 lakhsmaking it one of the best careers after BCom. It focuses on two fields – management accounting and financial management. If you possess this certification, it means that you are competent and knowledgeable in areas like financial planning, analysis, control, decision support, and professional ethics.

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The data presented in ‘EY Future of Pay’ report is based on a survey with over 150 leaders or CHROs between December 2022 to February 2023 from mid to large scale organisations across India Inc. We have calculated employee insurance premium for an assured amount of Rs 5 lakh. ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees. As an organisation, you can opt for our Salary Accounts to enable easy disbursements of salaries. Over 48 per cent organisations offer premium for the skills which are high in demand, the report has revealed. The data presented in ‘EY Future of Pay’ report is based on a survey with over 150 leaders or CHROs between December 2022 to February 2023 from mid to large scale organisations across India Inc.

24 years old Early Childhood (Pre-Primary School) Teacher Charlie from Cold Lake, has several hobbies and interests including music-keyboard, forex, investment, bitcoin, cryptocurrency and butterfly watching. Is quite excited in particular about touring Durham Castle and Cathedral. The small team of highly devoted professionals in Tax Operations and Process Solutions I served on was great to work with.

Analytical skills like risk modelling, data architecture and business analytics command a higher per cent premium. The top three sectors with the biggest projected salary increases are tied to technology, said the report. If you are looking for a creative job, digital marketing is your go-to course. You can learn what’s and how’s of the digital business world through this course.

Like most of the larger accounting corporations in recent years, EY has expanded into markets adjoining to accounting, including strategy, operations, HR, technology, and financial providers consulting. Further, key skills and roles continue to be in demand across sectors and command premium in the market. MBA is a professional course that helps you specialize in a particular field and gain relevant experience in the management world before you start climbing the corporate ladder. Due to the similarity in the subjects of an MBA and a B.Com degree, it will turn out to be useful when you try grasping the curriculum of an MBA. Furthermore, a B.Com gives you a good foundation in terms of theoretical knowledge. MBA is a course based on experiential learning, so it lets you put your theoretical knowledge into practice.

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The young candidates passing these exams, eventually get promoted to higher positions, thus bringing respectability to the profession. Average salary for Investment Bankers in India is Rs. 9.6 LPA in India. To accomplish the designation of a CFA, you must pass a three-tier exam. Since CFA is considered to be the highest standard in the industry, CFAs are recruited by some of the top players like JP Morgan, Goldman Sachs, UBS, BlackRock, Morgan Stanley, and Royal Bank of Canada.

The income tax on your salary will be calculated depending on the tax slab and whether you have opted for the old tax regime or the new tax regime. The taxable income will be worked out after making applicable deductions, if any. If you invest in life insurance, you can claim a deduction from taxable income of life insurance premium paid upto ₹ 1.5 lakhs. Section 80C also offers deduction from taxable income for investments in PPF , NSC and other instruments along with home loan principal repayment. You can also get a deduction of home loan interest up to ₹ 2 lakh under Section 24. These are ways you can consider to lower your overall tax outgo.

Unlike BBA which focuses primarily on coaching students for managerial positions, the B.com degree prepares the candidates for both the corporate world and entrepreneurship. Read the full article to get more course details such as career scope, job opportunities, and salary insights. If person who is senior citizen buys medical insurance for self and parents who are senior citizen he/she will be allowed deduction up to ₹ 1,00,000 (Self 50,000 + Parents 50,000). In this policy, the investment risk in investment portfolio is borne by the Policyholder.

Salary Increment: Good news for private employees! Salaries may increase by 10.2% in 2023, Details here

MBA is the most popular course available for students & one of the best courses after B.Com, not just graduating from commerce but any other field. In this course, you learn to manage all the aspects of a business based on the specialization you choose. Many short-term courses are specifically designed to help B.com graduates gain advanced and industry-relevant skills. These figures also do not include any HRA exemption or loss from a self-occupied house that one can claim.

EY (Ernst & Young) pays its employees an average of $80,506 a year. Salaries at EY (Ernst & Young) range from an average of $50,880 to $143,127 a year. Information about how EY collects and makes use of private data and a description of the rights individuals have beneath data protection laws is out there via ey.com/privacy. Ernst & Young is recognized among India’s Best Companies to Work For 2019. Every yr, Great Place to Work® identifies India’s 100 Best Companies to Work For through an goal and rigourous office tradition assessment process.

Investment banking is one of the fastest-growing fields worldwide, and certification in investment banking can be an excellent addition to your resume. For a recognized degree in banking and finance, FRM is an excellent option. A CS is responsible for managing all the legal aspects of a firm/organization. Candidates gain great knowledge in business and finance that can be leveraged to advance in their careers or business ventures.

​​Projected salary increases for 2023 are slightly lower than the actual increases for 2022 across all job levels, except for blue-collar workers who are projected to have a slightly larger decrease in compensation in 2023. The top three sectors with the biggest forecasted salary increases are tied to technology. E-commerce ey salary india has the highest projected salary growth at 12.5%, followed by professional services at 11.9%, and information technology at 10.8%. MBA and MCom are both good choices of postgraduate degrees for any commerce graduate. However, both courses are vastly different in a number of aspects, even the area of focus.

Build essential technical skills to move forward in your career in these evolving times

To be a CMA-certified professional, you must clear two stages of examination and also have a work experience of two years. The career opportunities and salaries may differ for M.Com graduates who have experience and who do not have any experience. The average salary for the M.Com graduates is mentioned below. The income tax calculator is an easy-to-use online tool which provides you with an estimation of the taxable income and tax payable once you provide the necessary details. E-commerce has the highest projected salary growth at 12.5 per cent, followed by professional services at 11.9 per cent and IT at 10.8 per cent, it added.

This is an exclusive story available for selected readers only. EV fleet operators, and individuals buying 2- & 3-wheelers have been the main drivers of growth.

• According to the report, the sectors where salary hike is expected the most are all related to technology.
• Many short-term courses are specifically designed to help B.com graduates gain advanced and industry-relevant skills.
• Universum, part of the StepStone Group, is a global thought chief in Employer Branding.
• Tax laws are subject to amendments made thereto from time to time.
• To present the entire providers, the firm employs greater than 220,000 folks worldwide.

Securities and Exchange Commission, and various members of the funding neighborhood, started to boost considerations a few potential conflict of interests. This conflict could be brought about by companies offering both consulting and auditing services concurrently to overlapping purchasers, a common apply among the many “Big Five”. In October 1997, Ernst & Young introduced plans to merge its international practices with skilled companies network KPMG, to create the most important professional providers organization on the planet.

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Since digital marketing is one of the hottest fields right now, it would be wise to take up a digital marketing program after completing B.Com. If you secure around 50-55% in your graduation from a recognized university in India, you are eligible for this course. The course learning modules comprise topics like financial reporting using ERP software, finalization of financial statements, goods and service tax , direct taxation, payroll components ESIC, and Excel and MIS reporting.

~Your annuity/income is informed to you when you buy the plan and is guaranteed~ and unchanged for life. /[Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Unlike an MBA, students can enroll for CA right after completing high school. Clearing all three stages along with an internship of 2.5 years makes you a certified chartered accountant. As per AS-22 Timing differences are the differences between taxable income and accounting income for a period that originate in one period and are capable of reversal in one or more subsequent periods. Value of perquisites as calculated in case of unfurnished accommodation shall be increased by 10% p.a. Cost of furniture or actual rent of furniture minus amount paid by employee.Accommodation provide in a Hotel NA24% of salary or lease charges payable in hotel minus amount paid by employee. Cost of furniture or actual rent of furniture minus amount paid by employee.Non-Government employer Rent paid by the employer or 15% of salary minus rent paid by employer.