'Coz when they take you in, they will always give you big rosy pictures. But the day you start nearing 3 months, six months or a year, they will start gunning for your throat, sometimes covertly, sometimes openly. The catch is to either a) sack you or b) you resign. Otherwise they will have to make you permanent n start giving you all the benefits.
Note: These 2 are the sole exclusive of lickers or lays.)
Do not apply to govt. servants, they are Maharaja of todays time, paid DA linked pension even after death to dependents with free medical. Biggest burden on our economy. Do not know the language of chucking out, work performance, they only know money, money and money everywhere.
Re: Lay off
by Akhilesh Kumar on Aug 26, 2013 12:28 PM | Hide message
"Layoff tales: They can happen anytime; be prepared"
This statement only applies to you if you are a common, tax paying H_i_n_d_u working in the private sector.
If you work in a government job or better still, you are a voting member of the U P A vote bank, you need not worry about this weird, mysterious shock called a 'layoff' that is only experienced by hard working Hindu workers in the Indian private sector.
If you work in a government job or you are a voting member of U P A vote bank, you will never know what a layoff is as your future is secure and completely paid for by the pathetic beast of burden otherwise known as the 'common, tax paying H_i_n_d_u working in the private sector'!
Losing job was very rare case in India during pre-liberalisation,privatisation and globalisation(LPG) days. However, it is rampart in post LPG period. Apart from causing destabilisation of family life, it has become a headache for elderly persons who are compelled to look after the families of their retrenched children. The volatile employment situation is offshoot of new economic policy effect of which is now felt by other sectors also. Growth rate of economy has slowed down, value of Rupee has suffered a nose dive and middle class and the poor are the victims.The failure of protagonists of LPG is evident in all spheres of economic activity.
Why the good work of NDA was undone by them?Where is the scam money?Why NGREA and Food Bill which will tkae back the country again.Wht about the system which sucks up 80% of the money meant for the poor?When cracks were seen much earlier because of high imports why no action was taken?Why currency was just printed to fund the deficit resulting in inflation?India is a country of young people this govt have played with the future of the youth.
While pink slip culture had caught up in India too, on par with the Western world, employers / management are smart / clever to avoid paying the final settlements. This is true even with large corporates who are around for decades. While they talk about Value, Trust, Service - to the stake holders, employees, vendors, customers in their presentations, they go to any extent in denying the "dues" to many of the "laid staff".
The "subject" in the story mentions about 2 month salary and settlements happening properly at the time of pink slip. What if it is not taken care of? Who will pull up these employers?
This has become a very common thing now and I think Income Tax department need to waive tax for people who get pink slip till they get another job. Whatever compensation you get is taxed at a high rate and even if you don't have income you go on paying tax on your savings that you have to withdraw. This requires a serious consideration.
Re: Tax concession
by Anand Tamariya on Aug 23, 2013 09:11 AM
You don't have to pay taxes unless your ANNUAL income is more than taxable income. So I don't necessarily agree with your statement about IT dept.
Re: Re: Tax concession
by Suresh Tenvillage on Sep 13, 2013 01:41 PM
Mr. Anand, where is the future for the present generation. If they save money for the future and if it attarcts interest more than 10000/-givtlevy tax. What will you get in that 10000/- in todays world. But the tax authorities still want TFS on that money. In this scenario how about his survival post 50 of his age, as tehre is no pension, jobs after 50, in future you forget.
Govt must think espoecailly for the salary class and waive TDS for interest earned on saving, irrespective of the amount.
but fin minister lke Chiddu, the hopless Fin minister ever had this country can hardly think these aaspects.