Whether my salary is as per market standards???????

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Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 For the financial year 2014-15 my details are as under:-
Salary........21000 p.m...21000*12=252000
Bonus received.....................44555
(19% of actual withdrawal of
last year)
CEA....1/2 of salary...............10500
(received in july)
Transport allowance...1/2 of salary..10500
(receivable in march)
Leave encashment.....27 days leaves are given in a year.

*Transport allowance and leave encashment computation are on the basis of salary of payment at the time of payment and increment is made on diwali.My queries are
What is fixed and what is variable component?
I have qualified in November 2009 whether my salary is as per the market standards???

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 you qualified as what in Nov 2009?

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 as Chartered Accountant

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 Hi Parul,

Well your salary is definitely much below the market.

Plus though its a very basic question, unless the bonus % is variable, all the parts of your salary are fixed only.

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 Thanks Mr.Kaushik what should be my salary package at this time?
and as leave encashment and transport allowance would be given on the basis of salary at the time of march and increment is done in diwali so these 2 components would not constitute variables???????

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 not exactly....variable refers to a figure which cannot be determined as such. The increment once done again assumes fixed nature.

Package: atleast 1.5 times more than your current one. this is on the least. Though it may vary depending on where you are located.

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 Means once could expect 5lakhs p.a. at such an experience...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 I meant 1.5 times more than this. so somewhere around 7/7.5. Where are u located by the way?

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 I am working in delhi

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 then atleast this much Parul. any good CA in 2012 qualification is making atleast 6-7 lakhs.

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2013 but sir many CA qualified in 2012 even not getting jobs......

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 October 2013 Parul I am your junior. I qualified in 2012. Some may not be getting job. But I believe 5-6 lakh is the fair salary. And in your case, you have four years of exp. that needs to be factored into the salary!

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