What Will Be the In-Hand Salary for BEL Engineers Including All the Taxes in Training and After Training?
The in-hand salary for engineers at Bharat Electronics Limited (BEL) can vary significantly based on several factors, including the specific role, location, and current pay scales. This article provides a comprehensive overview of the salary expectations for engineering roles during and after training, along with relevant tax considerations.
Training Period
Stipend: During the training period, BEL typically offers a stipend ranging from Rs. 30,000 to Rs. 40,000 per month, depending on the position and location. The stipend serves as a basic income for trainees, allowing them to focus on their learning and development without financial stress.
Deductions: Minimal deductions for professional tax and provident fund may be applicable. Consequently, the in-hand amount may be around Rs. 28,000 to Rs. 38,000 per month.
After Training
Salary: Once the training period is over, the starting salary for engineers can range from Rs. 60,000 to Rs. 80,000 per month, based on the position and experience level. Earnings are subject to further changes depending on the role a particular engineer is assigned to.
Deductions: After accounting for deductions such as income tax, professional tax, and provident fund, the in-hand salary for engineers can be approximately Rs. 50,000 to Rs. 70,000 per month.
Tax Considerations
Income Tax: The amount of income tax will depend on the total annual salary and the applicable tax slabs. For salaries in the mentioned range, the tax might be minimal, especially for fresh graduates.
Professional Tax: This varies by state, but it is usually a small amount ranging from Rs. 200 to Rs. 300 per month.
Summary
In-Hand Salary During Training: Rs. 28,000 to Rs. 38,000 per month
In-Hand Salary After Training: Rs. 50,000 to Rs. 70,000 per month
For the most accurate and current figures, it is advisable to check directly with BEL or recent employees, as salaries and policies can change.
Average Gross for Probationary Engineers
Probationary engineers recruited from Edward Information Institute (EII) typically begin with a basic pay of Rs. 16,400. This is complemented by various allowances and perks, which can bring the total monthly income to around Rs. 35,000 in hand.
Gross Salary Breakdown: Basic Pay: Rs. 16,400 DA (Dearness Allowance): Rs. 100 (around 0.6% of basic) HRA (House Rent Allowance): Rs. 4,920 (30% of basic in metropolitan cities) CCA (City Compensatory Allowance): Varies based on location Bonus: Rs. 30,000 per annum (variable based on performance) Perks: Rs. 6,560 (40% of basic)
The intention is to deduce the average gross salary to Rs. 45,000 per annum, equivalent to Rs. 37,500 per month.