- Country Guide
- India
India
Last Update by Katie, 18 Jul 2024
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Exchange Rate
18 Sep 2024
Cost of Living
Indicative value for a working adult in a city: New Dehli
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (INR) |
|---|---|
| McDonalds Set Meal | 350 |
| Monthly Train and Bus Tickets | 1,120 |
| 3 Bedrooms Rental (City Center) | 58,000 |
| 3 Bedrooms Rental (Outskirt) | 28,000 |
Current Inflation Rate
5.09%
Wage
Minimum Wages
- Only regulated in agriculture, mines, logistics, cleaning, and watch and ward
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (INR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,000 |
|
Mid-Level
5 Years
|
37,500 |
|
Experienced & Managerial Level
10 Years
|
125,000 |
|
Specialized & Senior-Level
15 Years
|
> 160,000 |
Annual Salary Growth
3.6%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Provident Fund (EPF) | 4.67% | 12% |
All staff Capped at monthly wages of 15,000 INR |
| Deposit Linked Insurance Scheme (EDIL) | 0.5% | - |
All staff Capped at monthly wages of 15,000 INR |
| Pension Scheme | 8.33% | - | All staff |
| State Insurance (ESI) | 3.25% | 0.75% |
All staff Applies to companies with at least 10 staff Salary is below 21,000 INR per month |
| Statutory Bonus | 8.33% or 100 INR, whichever is higher | - | All staff |
| Gratuity |
60% of monthly salary Mandatory for companies with at least 10+ staff |
- |
Gratuity Formula = (15 x Last Drawn Salary x Number of Completed Years of Service) / 26 Must 5 years of continuous service |
Income Tax
Residents
-
Tax Period: 1st April - 31st March
Tax filing start date: April
Tax filing due date: 31st July -
Surcharge:
In addition to income tax, a surcharge is levied where the total income of individuals exceeds 5 million INR
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 300,000 | 0% |
| 300,000 – 600,000 | 5% |
| 600,000 – 900,000 | 10% |
| 900,000 – 1,200,000 | 15% |
| 1,200,000 – 1,500,000 | 20% |
| > 1,500,000 | 30% |
| Taxable Income | Rate |
|---|---|
| Up to 5 million | 0% |
| Above 5 million but up to 10 million | 10% |
| Above 10 million but up to 20 million | 15% |
| Above 20 million but up to 50 million | 25% |
| > 50 million | 25% |
Non-residents
- Same as tax resident
Working Hours
Statutory
48 Hours
8 hours a day, 6 days a week
Typical practice
48 Hours
Monday - Saturday
Overtime
Vary across different labor law and industries, any work beyond the regular hours is considered overtime.
- Workdays: 150% of regular hourly wage
- Rest Days or Public Holidays: 200% of regular hourly wage
Employment Contract
Permanent
Contract Format
Contracts can be in Hindi or English, bilingual contracts are accepted.
In Karnataka, Kerala, Telangana and Delhi: Contracts must be written
All other cities: Contracts can be verbal or written
Payroll Currency
INR
Probation
General roles: up to 3 months
Industrial Employment Act: up to 3 months
Senior roles: 6 months
Contract Period
No minimum duration
Termination
-
Voluntary resignation:
- 30 days in writing -
Involuntary termination:
- Ordinary dismissal: 1 month
- Employers can make Payment in Lieu of Notice, garden leave is also permitted -
Severance:
- Due to redundancy or retrenchment
- Staff with 1 year (240 days) service are eligible
- Over 6 months' but under 1 year service: Considered as 1 year service (240 days)
- 15 days’ average pay for each completed year of continuous service
Public Holiday
17 days
Country Level
| Date | Name |
|---|---|
| 25 Jan | Hazrat Ali Jayanti |
| 26 Jan | Republic Day |
| 08 Mar | Maha Shivaratri |
| 25 Mar | Holi |
| 29 Mar | Good Friday |
| 09 Apr | Ugadi |
| 10 Apr | Idul Fitr |
| 17 Apr - 17 Apr | Ram Navami |
| 21 Apr | Mahavir Jayanti |
| 17 Jun | Eid al Adha |
| 17 Jul | Muharram |
| 15 Aug | Independence Day |
| 19 Aug | Raksha Bandhan |
| 26 Aug | Janmashtami |
| 16 Sep | Eid e Milad |
| 02 Oct | Gandhi Jayanti (Father of the Nation) |
| 12 Oct | Maha Navami |
| 13 Oct | Vijaya Dashami |
| 01 Nov | Diwali |
| 02 Nov - 03 Nov | Deepavali Holiday |
| 03 Nov | Deepavali Holiday |
| 15 Nov | Guru Nanak Jayanti |
| 25 Dec | Christmas Day |
Leave
The number of leave & leave types depends on state-specific laws.
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave/Earned Leave | 15 working days, varies among states and industries |
All staff 1 day's of leave for each completed months' service |
| Casual Leave (unplanned) | 10 working days | All staff |
| Sick Leave (Health Related) |
7 working days a calendar year- state of Punjab 12 working days per calendar year- state of Karnataka |
All staff 1 day's of leave for each completed months' service |
| Maternity Leave | 26 weeks | All expectant mothers with 80 days' service in the past 12 months |
Reference
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Contact UsCountry Guide - India
Last updated: 18 Jul 2024
Exchange Rate
Currency (INR)
- 1 CNY = 0.185 INR
- 1 USD = 1.32 INR
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: New Dehli
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (INR) |
|---|---|
| McDonalds Set Meal | 350 |
| Monthly Train and Bus Tickets | 1,120 |
| 3 Bedrooms Rental (City Center) | 58,000 |
| 3 Bedrooms Rental (Outskirt) | 28,000 |
Current Inflation Rate
5.09%
Wage
Minimum Wages
- Only regulated in agriculture, mines, logistics, cleaning, and watch and ward
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (INR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,000 |
|
Mid-Level
5 Years
|
37,500 |
|
Experienced & Managerial Level
10 Years
|
125,000 |
|
Specialized & Senior-Level
15 Years
|
> 160,000 |
Annual Salary Growth
3.6%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Provident Fund (EPF) | 4.67% | 12% |
All staff Capped at monthly wages of 15,000 INR |
| Deposit Linked Insurance Scheme (EDIL) | 0.5% | - |
All staff Capped at monthly wages of 15,000 INR |
| Pension Scheme | 8.33% | - | All staff |
| State Insurance (ESI) | 3.25% | 0.75% |
All staff Applies to companies with at least 10 staff Salary is below 21,000 INR per month |
| Statutory Bonus | 8.33% or 100 INR, whichever is higher | - | All staff |
| Gratuity |
60% of monthly salary Mandatory for companies with at least 10+ staff |
- |
Gratuity Formula = (15 x Last Drawn Salary x Number of Completed Years of Service) / 26 Must 5 years of continuous service |
Income Tax
Residents
-
Tax Period: 1st April - 31st March
Tax filing start date: April
Tax filing due date: 31st July -
Surcharge:
In addition to income tax, a surcharge is levied where the total income of individuals exceeds 5 million INR
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 300,000 | 0% |
| 300,000 – 600,000 | 5% |
| 600,000 – 900,000 | 10% |
| 900,000 – 1,200,000 | 15% |
| 1,200,000 – 1,500,000 | 20% |
| > 1,500,000 | 30% |
| Taxable Income | Rate |
|---|---|
| Up to 5 million | 0% |
| Above 5 million but up to 10 million | 10% |
| Above 10 million but up to 20 million | 15% |
| Above 20 million but up to 50 million | 25% |
| > 50 million | 25% |
Non-residents
- Same as tax resident
Working Hours
Statutory
48 Hours
8 hours a day, 6 days a week
Typical practice
48 Hours
Monday - Saturday
Overtime
Vary across different labor law and industries, any work beyond the regular hours is considered overtime.
- Workdays: 150% of regular hourly wage
- Rest Days or Public Holidays: 200% of regular hourly wage
Employment Contract
Fixed-Term
Used for project work, replacing staff on maternity leave for 26 weeks and to cover peak seasonal work activities
Probation
General roles: up to 3 months
Industrial Employment Act: up to 3 months
Senior roles: 6 months
Termination
-
Voluntary resignation:
- 30 days in writing -
Involuntary termination:
- Ordinary dismissal: 1 month
- Employers can make Payment in Lieu of Notice, garden leave is also permitted -
Severance:
- Due to redundancy or retrenchment
- Staff with 1 year (240 days) service are eligible
- Over 6 months' but under 1 year service: Considered as 1 year service (240 days)
- 15 days’ average pay for each completed year of continuous service exceeding 6 months
Permanent
Probation
General roles: up to 3 months
Industrial Employment Act: up to 3 months
Senior roles: 6 months
Termination
-
Voluntary resignation:
- 30 days in writing -
Involuntary termination:
- Ordinary dismissal: 1 month
- Employers can make Payment in Lieu of Notice, garden leave is also permitted -
Severance:
- Due to redundancy or retrenchment
- Staff with 1 year (240 days) service are eligible
- Over 6 months' but under 1 year service: Considered as 1 year service (240 days)
- 15 days’ average pay for each completed year of continuous service
Public Holiday
17 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
The number of leave & leave types depends on state-specific laws.
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave/Earned Leave | 15 working days, varies among states and industries |
All staff 1 day's of leave for each completed months' service |
| Casual Leave (unplanned) | 10 working days | All staff |
| Sick Leave (Health Related) |
7 working days a calendar year- state of Punjab 12 working days per calendar year- state of Karnataka |
All staff 1 day's of leave for each completed months' service |
| Maternity Leave | 26 weeks | All expectant mothers with 80 days' service in the past 12 months |
Reference
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000