Private Sector Salary Increase 2024. The budget 2024 has increased the tax deduction limit on employer nps contributions from 10% to 14%, aligning private sector employees with government. Average salary hike in 2024 by india inc would be 9.5%, according to hr solutions firm aon's latest survey on salaries in india.
This year is expected to be 9.5% in 2024, which is a slight drop compared to the actual increase of 9.7% in 2023, as sectors. This report analyzes the attrition, hiring & salary increase trends in 2024, with case studies to help leaders understand the talent market.