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Nitin

Nitin Sathe  | Answer  |Ask -

HR, Recruitment Expert - Answered on Mar 10, 2023

Air Commodore Nitin Sathe (retd) is an IAF veteran with experience in aviation, aviation management, recruitment and HR.He has commanded a frontline base in Jammu and Kashmir, served with the UN Peace Keeping Force in Congo and volunteered for tsunami relief operations. Today, he is a certified recruiter and personality assessor.... more
Jatinder Question by Jatinder on Mar 10, 2023Hindi
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Career

Dear Sir, You must hv taken lots of interviews. Some of the questions are commonly asked in interviews. All question are ok to me. But there is one question which is generally asked in interviews and i really dont know its appropriate reply. Q. What are your salary expectations ? May I know what should be the appropriate answers to it ? And what are the things that an employee should take care of so that his/her boss doesn't get annoyed.

Ans: When you go there, you are aware of what the job might get you. You also know your worth as well as you know what your last drawn salary was. Based on all this, the best way to answer would be...' Sir, I was working as....till now and earning..... I have applied here to get more than that amount for sure. Considering the job content and my skills and the value addition that I can bring to the work output, I feel that I am worth ...... Maybe you could also give out how much you are willing to give for the job that you are considering giving me, I could negotiate with the HR once you confirm the same. As of now, besides the pay packet, I am also looking at the exciting prospects of the new job on offer!'
Something like that won't harm anyone.
As far as doing things that are annoying, I suggest do not do anything that will annoy you and do not speak anything extra, other than the answer to the question asked. All the best!
Career

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What should a person expect his salary from other company base on his 5+ years of experience in service sector companies. (Ex. Position as SPE, Present salary is 4.5 lac) Please advice.
Ans: Kishore Sir, Before addressing your questions, if time allows, I kindly suggest attending the complimentary webinars offered by Vikram Anand, Sakshi Chandrasekar, and Sawan Kapoor, who possess specialized expertise in Resume Building, Salary Negotiation Skills, and LinkedIn Profile Building. They offer a wealth of insights during their complimentary webinars, which can be extremely beneficial for refining your Resume/LinkedIn Profile and enhancing your Interview/Salary Negotiation Skills. You have the choice to decide whether to opt for their paid services.
Now coming to your question. Compensation expectations for individuals with five years of service sector experience are influenced by industry norms, location, talents, and firm. Industry norms suggest that mid-level jobs with five years of experience typically pay 30-50% of the current wage. Higher offers may be available for specific skills, certifications, or higher-paying industries. Location also plays a role, with higher salaries in urban areas and high-growth industries. Researching salary benchmarks and focusing on non-financial advantages can help negotiate better offers. The typical pay range is between 6-7 LPA for those with five years of experience.
All The BEST for Your Prosperous Future.

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T S Khurana

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Tax Expert - Answered on Feb 19, 2025

Asked by Anonymous - Feb 18, 2025Hindi
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My father started a business with his brother in XYZ name and got a Gala in Apmc in the same name where they shared 50-50% share in both business n property after my fathers death i was admitted in as a partner with same ratio after few years my uncle passed in his share to his son so as of now i and my cousin brother are partner the proerty was purchased 296200 in the year 1995 along with registration so 148100 was the share of each and now i want to leave the partnership and also to let go of my share in the premises for which my exixting partner will pay me 3750000 on or before 31.3.2025 I wanted to know how much capital gain tax will be for me if i do not invest secondly can i invest in residential property I would appreciate if guided Thanking you in anticipation
Ans: 01. Considering receipt of Rs.37,50,000.00 as Sale of your share in property/ premises, it would be LTCG in this case.
02. Amount of LTCG without Indexation is Rs.36,02,000.00 (Sale Rs.37,50,000.00 Less Cost Rs.148,100.00). Tax @ 12.50% is Rs.4.50 lakh app.
02. Amount of LTCG with Indexation is Rs.32.12 lakhs (Sale Rs.37,50,000.00 Less Cost Rs.5,37 lakhs {Index 100/363}). Tax @ 20.00% is Rs.6.40 lakh app.
03. You may go for the first option & plan your tax liability. You can invest in residential property to save LTCG tax.
04. Other option to save tax is to purchase Capital Gain bonds. However, investment in Real Estate is always better than other investment.
Most welcome for any further clarifications. Thanks.

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