Hildy Latisha

Average Salary Increase For 2024. For such employees having a salary of more than rs 20 lakhs, the standard deduction limit should be increased to rs three lakh,” is bhuta’s suggestion. In the union budget of 2024, the union minister of india announced a 50% increase in the average real income of indians compared to the previous year.

Indian companies expect to raise employee salaries by 9.8% in 2024, close to the 10% increase in 2023, making india the country with the highest salary hikes in asia pacific,. Employers reported that 2024 annual merit increase budgets rose by 3.3 percent, on average, while total salary increase budgets jumped by 3.6 percent—down from.