Go global with Swivelt as we manage your worldwide payroll and hiring talent in

India

All countries

Country Details

Currency

Indian Rupee (INR)

Official language

Hindi, English

Capital

New Dehli

Is English spoken?

Yes

Time Zone

GMT + 8:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information
Population size

1,352,642,280

GDP

$3,737B

Inflation level

5.1%

Average earning + minimum wage

Average earning - between Rs. 8,000 to Rs. 1,43,000/month
minimum wage - INR 178.00 per day

Overview of the labour law

The law relating to employment in India is primarily known as ‘Industrial Law.’ Under the Constitution of India, labour is regulated by both the Central and the respective State Government, with the residual law-making powers vesting with the Centre
This has resulted in a number of central and state laws related to wages, employment, industrial relations, social security, etc. being enacted to protect the interests of employees and to increase employment opportunities

Employment Details

Number of Public Holidays

19

Working Hours

Maximum of 48 hours per week and 9 hours per day Minimum 30-minute meal interval Typical working hours are 09h00/09h30 to 18h00 Monday to Friday

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Maximum of 2 hours per day

Notice Period

Minimum of 30 days15 days during the probation period

Probation Period

There is no statutory probation period Employees can expect a probation period of between 3 and 6 months, with a maximum probation period of 2 years

Severance Pay

15 days pay for each full year of employment

Employee Income tax

Income bracket per annum

0.0 - 250,000.00 0.00% 250,001.00 - 500,000.00 5.00%

500,001.00 - 750,000.00 12,500 + 10% of total income exceeding 500,000

750,001.00 - 1,000,000.00 37,500 + 15% of total income exceeding 750,000

1,000,001.00 - 1,250,000.00 75,000 +20% of total income exceeding 1,000,000

1,250,001.00 - 1,500,000.00 125,000 +25% of total income exceeding 1,250,000.00

1,500,001.00 or more 187500 + 30% of total income exceeding 1,500,000

Employer Social cost

12%- Provident Fund
3.25% - Health Insurance

Employee Social cost

0.75%- Health Insurance
0%- Up to Rs 250,000
5%- Rs 250,001 - Rs 500,000
20%- Rs 500,001 - Rs 10,00,000
30%- Above Rs 1,000,0000.5%

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

We use cookies to give you the best experience. Cookie Policy

Connect With us

Fill up the form and our team will get back to you within 24 business hours.

Let's get the conversation started

Fill up the form and our team will get back to you within 24 business hours.

Let's get the conversation started

Fill up the form and our team will get back to you within 24 business hours.

Please confirm your agreement with Swivelt Pte. Ltd. Ltd. Terms and Conditions and Privacy Policy.