Average Salary in Tamil Nadu 2023 - The Complete Guide (2023)

How much does a person working in Tamilnadu earn?

Wage and Salary Scale in Tamil Nadu

Comparison of salary structure and salary scale

Median salary, maximum and minimum salary, minimum salary, starting salary and salary range

• Salary Range, Minimum Salary and Starting Salary

  Salaries in Tamil Nadu range from INR 9,460 per month (starting salary) to INR 167,000 per month (maximum average salary, actual maximum is higher).It is not the minimum salary provided by law, but the lowest amount recorded in the salary survey that included thousands of participants and professionals from all over the country.

• Average wage

  The median salary is INR 34,200 per month, which means that half (50%) of the population earn less than INR 34,200 while the other half earn more than INR 34,200. The median represents the value of the median salary. Generally speaking, you would like to be on the right hand side of the graph with the group that earns more than the median salary.

• Percentiles and Salary Scale

  Closely related to the median are two values: the 25th and 75th percentiles. Reading the salary distribution chart, 25% of the population earn less than INR 24,700 while 75% of them earn more than INR 24,700 . Also in the diagram, 75% of the population earn less than INR 51,900 while 25% earn more than INR 51,900.

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• Salary scale structure

  We have grouped the most common and recurring salaries in square brackets to give you more information on what salary to expect. This method is more accurate than average salary and gives more information about how salaries are actually distributed. About 65% of all reported figures are in the range of INR 22,700 to INR 58,400. Approximately 20% fall below the INR 22,700 threshold. Salaries for ten percent range from INR 58,400 to INR 74,600. Only 5% of people collected INR 74,600 or more.

Comparison of salaries by years of experience

How does a person's salary progress over time?

Experience level is the most important factor in determining salary. Naturally, the more years of experience, the higher the salary.

Overall, employees with two to five years of experience earn an average of 32% more than freshmen and juniors across all industries and disciplines.

Professionals with more than five years of professional experience typically earn an average of 36% more than those with five years or less of professional experience.

Change of salary according to experience.varies drasticallyfrom one place to another anddepends enormouslyalso in the field of career. The data shown here is the combined average of many different jobs. To see exact numbers, choose a specific job title.

Upon reaching ten years, the salary increases by 21% and another 14% for those who have completed 15 years.

These numbers are presented as guidelines only. The numbers become more meaningful if you consider one role at a time.

Education Salary Comparison

How does education level affect your salary?

It's well known that higher education equals a higher salary, but how much more money can a degree add to your income? We compared the salaries of professionals of the same level, but with different levels of college degrees in many jobs, below are our findings.

Change of salary based on educationvaries drasticallyfrom one place to another anddepends enormouslyalso in the field of career. The data shown here is the combined average of several jobs. To see exact numbers, choose a specific job title.

Workers with a certificate or diploma earn, on average, 17% more than their peers with only a high school education.

Employees who earned a bachelor's degree earn 24% more than those who only earned a certificate or diploma.

Professionals with a master's degree receive salaries 29% more than those with a bachelor's degree.

Finally, doctors earn, on average, 23% more than masters, doing the same work.

Comparison of Salary and Compensation by Gender

While gender shouldn't have an effect on compensation, it actually does. So who earns more: men or women? Male employees in India earn 9% more than their female counterparts on average across all industries.

Percent increase and decrease are relative to the previous value

Average annual salary increase percentage in India

How Much Are Annual Salary Increases In India? How often do employees receive pay raises?

India

Employees in India are likely to see a salary increase of about 9% every 16 months.

The numbers provided here are averages of numbers. These numbers should be taken as general guidelines. Pay raises vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will receive a raise.

The term'Annual salary increase'It usually refers to the increase over a 12-month period, but since people rarely review their salaries exactly at the one-year mark, it's more meaningful to know the frequency and rate at the time of the increase.

How to calculate the salary increase percentage?

The annual salary increase in a calendar year (12 months) can be easily calculated as follows:Annual salary increase = Rate of increase x 12 ÷ Frequency of increase

“The average salary increase in one year (12 months) in India is7%.”

Annual rate of increase by sector 2022

Listed above are the average annual raise rates for each industry in India for the year 2022. Companies in thriving sectors tend to provide higher and more frequent raises. There are exceptions, but, in general, the situation of any company is closely linked to the economic situation of the country or region. These numbers tend to change frequently.

Average salary increase rate by experience level

The difference in raise rates is somewhat justified because employers try harder to retain more experienced employees, since they are more difficult to acquire than less experienced ones.

Wage increases in the world: all countries and all jobs

Bonuses and Incentive Fees in India

How much and how often are bonuses awarded?

51%of employees surveyed in India reported receiving no bonuses or incentives in the past year, while49%they said they received at least one form of monetary bonus.

Those who received bonuses reported rates ranging from4%for5%of his annual salary.

Comparison of bonus rates by professional area

What makes a position worthy of good bonuses and a high salary?

Income earners generally receive more and more bonuses, higher salaries, and more frequent salary increases. The reason is quite simple: it's easier to quantify your value to the company in monetary terms when you participate in revenue generation.

“Try to work for companies where your skills can generate income. Not all of us can generate income and that's perfectly fine.”

Comparison of Bonuses by Seniority Level

Senior management and senior employees naturally exhibit higher bonus rates and frequencies than junior employees. This is very predictable given the inherent responsibilities of being higher up in the hierarchy. People at the top can easily earn double or triple bonus rates than employees below the pyramid.

Salary Trend and Forecast in India

How are Indian wages changing over time? The following graph shows the variation of the average salary in recent years.

Percent increase and decrease are relative to the previous value

Salaries in India are rising in the year 2023 as per recently submitted reports and salaries. As shown in the graph, wages in 2022 are 2% higher than in 2021. The trend suggests a slow but steady increase in wages in 2024 and beyond. These numbers can vary from industry to industry.

Salaries for popular jobs. Salaries by professions.

Average Hourly Wage in Tamil Nadu

220EM Rper hour

The average hourly wage (hourly pay) inTamil NaduEs220 EUR. This means that the average person in Tamil Nadu earns approximately INR 220 for every hour worked.

Salary per hour = Annual Salary ÷ ( 52 x 5 x 8 )

About the hourly rate of pay

Hourly wage is the wage paid for one hour worked. Jobs generally fall into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of hours worked. Hourly jobs pay per hour worked. To convert wages to hourly wages, the above formula is used (assuming 5 work days per week and 8 work hours per day, which is the standard for most jobs). The hourly wage calculation may differ slightly based on hours worked per week and annual vacation allowance. The numbers listed above are good approximations and are considered the standard. A big difference between salaried employees and hourly employees is overtime eligibility. Salaried employees are generally exempt from overtime compared to hourly employees.

What is the minimum wage per hour?

This minimum hourly pay rate for a person in Tamil Nadu is INR 55. This is the minimum based on data collected in the wage survey, not the minimum hourly rate required by law.

Tamil Nadu VS India

We compared salaries in Tamil Nadu and India and found that salaries in Tamil Nadu are 17% higher than in India.

Salary Comparison by City

Comparison of salaries between the government and the private sector

Where can you earn more, working for a private company or the government? Public sector employees in India earn 5% more than their private sector counterparts on average across all sectors.

Percent increase and decrease are relative to the previous value

Salary Calculation Guide and Statistics

What is considered a good and competitive salary in Tamil Nadu?

It is extremely difficult to give an exact figure for a good salary when you do not select a specific job; An estimate based solely on cost of living can be provided. Good compensation in Tamil Nadu ranges from INR 34,200 to INR 51,900.

Gross Salary (before taxes) and Net Salary (after taxes)

All salary and compensation amounts shown here are gross salary amounts, that is, salaries before taxes. Because taxes can differ between industries and locations, it's difficult to accurately calculate take-home pay after taxes for each career.

Base Salary / Base

The base salary in Tamil Nadu ranges from INR 24,700 to INR 51,900. Base salary depends on many factors, including profession, experience, and education. It is not easy to give a figure with very little information; so take this range with a grain of salt.

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