Most people use salary account like a normal bank account. They think that its job is just to take and spend salary. However, the truth is that a salary account brings with it many extra benefits, which banks often do not disclose openly. Today, banks offer different types of salary accounts, such as Classic Salary Account, Wealth Salary Account, Basic Savings Bank Deposit (BSBD) Salary Account and Defense Salary Account.

Every account has its own different benefits and facilities, but due to lack of information, most people are not able to take full advantage of these benefits. If your salary comes every month, then it is very important for you to know what else your salary account can do for you. So let us know 10 extra benefits of salary account, which can make your financial life better.

1. Zero balance account facility – The biggest advantage of salary account is that you do not need to maintain minimum balance in it. Even if there is 0 balance in the account, the bank does not impose any penalty, this facility is not available in ordinary savings accounts.

2. Overdraft facility – Overdraft facility is provided in many salary accounts. This means that even if the balance in the account runs out, you can still withdraw money up to the prescribed limit. This facility is very useful in case of sudden need or emergency.

3. Cheap and easy loan – Having a salary account makes it easier to take a personal loan, home loan or car loan. Banks trust salary account holders more and sometimes offer loans at low interest rates.

4. Free Debit Card and Check Book – Most banks provide free debit card and check book with salary account. No separate charge is taken for this, whereas a fee may be charged for this in a normal account.

5. Free Digital Transactions – Online transfer services like NEFT, RTGS and sometimes IMPS are free in salary accounts. With this you can easily transfer money without any extra expense.

6. Free Credit Card Offers – Many banks offer free or low-fee credit cards to salary account holders. These provide benefits like reward points, cashback and exemption in annual fees.

7. Insurance Coverage – With some salary accounts, the benefit of accidental death insurance or health insurance is also available. This acts as an additional security cover, for which you do not have to pay any separate premium.

8. Priority Banking Services – Banks provide priority service to their customers in high salary accounts. This may include facilities like separate counter, relationship manager and faster service.

9. Shopping and Dining Offers – Salary account holders get special discounts and cashback offers on online shopping, food apps and restaurants, which can reduce daily expenses.

10. Free ATM Transaction – A fixed number of free ATM transactions are available every month in the salary account. With this you can withdraw money without any extra charge.

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Maulana Shamsul Huda: The Enforcement Directorate (ED) has registered a case of money laundering against Islamic preacher Maulana Shamsul Huda Khan living in Britain. This action has been taken on the basis of FIR registered by Uttar Pradesh ATS. ED has started investigation in this matter under PMLA (Prevention of Money Laundering Act).

According to the ED, Shamsul Huda Khan was appointed as an assistant teacher in a government-aided madrassa in the year 1984. It is alleged that he acquired British citizenship in the year 2013, yet between 2013 and 2017, he continued to take salary without teaching while living in India, while during that time he was living abroad.

Has assets worth more than Rs 30 crore

According to sources, in the last 20 years, Shamsul Huda Khan made many foreign trips and earned crores of rupees through 7 to 8 bank accounts in India. Investigation has also revealed that he has purchased more than a dozen immovable properties, the estimated value of which is said to be more than Rs 30 crore.

ED and other investigating agencies allege that Shamsul Huda Khan was promoting fundamentalist ideology under the guise of religious education and was also involved in illegal funding activities. It is being told that he is originally from Azamgarh and used to send funds to many madrassas through his NGO Raja Foundation as well as through personal bank accounts.

Investigation into links with radical organizations also started

According to the information, he had also established two madrassas in Azamgarh and Sant Kabir Nagar, the registration of which was later canceled by the concerned authorities. The investigating agencies are now also investigating the funding pattern and use of funds of these madrassas.

Sources say that Shamsul Huda Khan’s contacts with some radical organizations present in Britain are also being investigated. Apart from this, his visit to Pakistan and his alleged links with extremist organizations there are also being investigated. It is being told that he may also be associated with Pakistani fundamentalist organization Dawat-e-Islami. At present, ED is engaged in a thorough investigation of his funding network, foreign connections and assets.

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New Labor Laws: The Government of India has included four new codes in the 29 year old labor laws. Notification of new applicable codes has also been issued on November 21, 2025, after which companies will have to make major changes in their salary structure. In the labor codes implemented by the government, more attention has been paid to social security, but it can also be a disadvantage for the employees, such as their take home or in-hand salary may be reduced.

Actually, under the new Labor Code, the basic salary of the employees must be at least 50 percent of their CTC. Till now, companies used to increase the allowances of their employees by keeping their basic pay low, which included HRA, DA etc. By doing this, the PF and gratuity contribution of the employees was reduced and their take home salary was higher. Now let us understand what kind of changes have been made in the new labor code and by how much the take home salary will be reduced.

Why were new labor codes brought?

The purpose of implementing the new labor code is to ensure social security of the employees. The purpose of increasing basic salary to 50 percent of CTC is that their contribution towards PF and gratuity will increase, due to which they will have a strong fund at the time of retirement. This will provide long term benefits to the employees, but at present the burden on their pockets may increase.

Understand the complete calculation like this

Let us assume that the CTC of an employee is Rs 50000. In this his basic salary is between 15 to 20 thousand rupees. On this, 12 percent PF contribution is deducted, which is between Rs 1800 to Rs 2400. Now with the implementation of the new labor code, companies will have to pay 50 percent of CTC basic salary to their employees. According to 50 thousand CTC it becomes 25 thousand. On this, PF contribution will be Rs 3000, which is more than Rs 1200 to Rs 600. This will increase retirement savings, but Rs 1200 more will be deducted from the take home salary. Similarly, gratuity will also be deducted on take home salary.

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From November 21, 2025, the Central Government has merged 29 old labor laws into four new codes. Under this, companies will now have to change the salary structure, in which the basic salary must be at least 50% of the total CTC. In ABP Explainer, let us understand what are the new codes, why the old 29 codes were combined together and how much benefit and loss it will cause to you…

Question 1- What are the new labor codes and how are they being implemented?
answer- Earlier there were 29 different labor laws in India, which were confusing. Now these have been combined into four codes-

1. Code on Wages (2019)
2. Industrial Relations Code (2020)
3. Code on Social Security (2020)
4. OSHWC Code (2020)

Detailed rules will be notified in the next 41 days, under which all companies will have to restructure their salary structure. These codes were passed in 2020, but there was a delay in making the rules. Now states will also have to update their rules accordingly. According to the Labor Ministry, this will ease business ease and strengthen the rights of workers. These will be implemented across the country from April 2025, which will benefit more than 50 crore workers.

The objective of these new rules is to provide timely and overtime wages, minimum wages, equal opportunities and salaries to women, social security, free health checkup to every worker. With the new law, the employee will get the benefit of gratuity in only 1 year instead of 5.

The government says that the old labor laws were made between 1930–1950, when work, industry and technology were completely different from today. The new codes have been created keeping in mind the modern needs and international standards. Therefore, the old 29 labor laws have been simplified and converted into four labor codes.

Question 2- What is the new definition of wage and what effect will it have on basic salary?
answer- The definition of ‘wage’ was different in the old laws, due to which companies kept the basic salary less and gave more allowances (HRA, conveyance). Now the wage includes basic salary + dearness allowance (DA) + retaining allowance. A. At least 50% of total CTC must be basic + DA. If the allowances are more than 50%, the extra portion will be added to the wages.

Question 3- How can take-home salary be reduced according to the new rules?
answer- The new rules may reduce the monthly take-home of employees, because deductions will increase if CTC remains fixed. Suppose someone’s CTC is Rs 40,000. Earlier the basic was 30-40% (Rs 12,000-15,000), so the PF contribution (at 12% basic) would have been Rs 1,500-2,00. Now if you have to pay 50% of basic i.e. Rs 20,000, then PF will be around Rs 2,000. Meaning the take-home salary will be reduced by Rs 1,000.

Question 4- What are the new rules of gratuity and how will it be received in 1 year?
answer- Gratuity is a financial assistance given by the company to its employees, which can also be called appreciation amount. It is decided on the basis of your service and salary.

The biggest update is of gratuity. With the new law, now the employee will be able to get the benefit of gratuity in just 1 year instead of 5 years. At the same time, the limit of tax-free gratuity has been increased from Rs 10 lakh to Rs 20 lakh.

• This amount will be tax-free, that is, the employee will get the full amount of gratuity. The employer will have to pay the gratuity within 30 days. If there is delay, 10% annual interest will be charged and the compensation can also be up to double.
• This will be applicable in both private and public sector. For example, if an employee works for 5 years, he will get 15 days’ wages for every year. This change will increase financial security at the time of retirement.

Question 5- What benefit will women get from the new wages?
answer- Women will be able to work in night shifts and in all categories with their approval and safety measures. Like mining, heavy machinery and dangerous places. Women will get equal payment and their representation in grievance panels will be necessary. Maternity leave was increased from 12 weeks to 26 weeks, which is a big relief for women.

Question 6- What changes took place regarding working time?
answer- Working hours in most sectors will be 8–12 hours per day and 48 hours per week, with double pay for overtime and written consent required where necessary. In sectors like exports, leaves will accumulate after 180 working days.

Apart from this, you will get 1 day paid leave for every 20 days of work. Earned leave has been increased from 15 to 30 days annually, but it will be applicable after 1 year of service.

Question 7- What is special for Social Security and gig workers?
answer- Social security has been strengthened in the new codes…

• Employers will have to contribute 0.65% of wages to the EDLI scheme, which will provide life and disability cover.
• Workers in the unorganized sector will get life insurance and health benefits for the first time.
• At the same time, gig and platform workers, like Uber drivers or food delivery boys, will get health insurance, accident cover and social security.
• With the fixed-term employment code, contract workers will get the same rights as permanent workers.
• It is necessary to register shops and establishments online, failing which a fine of up to Rs 5 lakh will be imposed.

Question 8- Apart from this, what is new in the new codes, what will be its benefits?
answer- In the new codes…

• Workers in every sector will get the minimum wage linked to the National Floor Rate, along with timely payment and unauthorized deductions will be stopped.
• Now it will be necessary for all employers to give appointment letter to every worker. This will keep the job records of the workers clean, there will be transparency in salaries and it will be easy for them to access the benefits.
• It will be necessary for workers working in hazardous factories, plantations, contract labor and mines (who are more than the prescribed number) to undergo free health checkup every year.
• The coverage of the Social Security Code will spread across the country. This includes MSME employees, even a single laborer in hazardous places, platform workers and those sectors which were earlier out of the essential scheme of ESI.
• Now journalists, freelancers, dubbing artists and people associated with media will also come under the ambit of labor protection.
• Contract workers and those coming from other cities will now get the same salary as permanent employees, government welfare schemes, and such facilities which will continue even if they move from one place to another.

Question 9- How will employees benefit from this in the coming times?
answer- In future, these codes will cover more of the unorganized sector and discrimination will reduce. Appointment letters will become formal with digital compliance. Gig workers will get social security, which will boost the economy. But to balance the impact on take-home, the government can issue CTC adjustment guidelines.

Question 10- Why did the government make these changes, what is the planning?
answer- The central government has made these changes to modernize the codes workforce. Earlier the lodges were outdated, covering only 30% of the workers.

• Now uniform wage definition will reduce discrimination.
• There will be gender equality in hiring and wages.
• With the new law, the layoff threshold increased from 100 to 300 workers.
• For small factories, relaxation was given to 20-40 workers. Overtime will be available at double rate.
• Social security contribution has been made mandatory to support the gig economy.

India’s women’s cricket team recently created history. Team India won the Women’s World Cup for the first time by defeating South Africa by 52 runs at the DY Patil Stadium in Navi Mumbai. After this victory, while the entire team is being showered with rewards, now the discussion has also intensified on the salary structure of BCCI. After all, how much are Indian women players paid and how different is it from the men’s team?

BCCI’s new contract system

BCCI released the Annual Player Retainership 2024–25 (Senior Women) in March 2025. In this, players are divided into three grades based on their performance. A, B and C.

Grade A – Rs 50 lakh annually

Three veteran players are included in this category – Harmanpreet Kaur, Smriti Mandhana and Deepti Sharma. These three players are considered the backbone of India’s victory.

Grade B – Rs 30 lakh annually

This group includes four players, Renuka Thakur, Jemimah Rodrigues, Richa Ghosh and Shafali Verma.

Grade C – Rs 10 lakh annually

A total of nine players have been included in this category, which include names like Radha Yadav, Amanjot Kaur, Uma Chhetri and Sneh Rana.

Equality in match fees, but less opportunities

Men and women players are now paid equal fees per match,

Test Match: 15 lakh rupees

ODI: 6 lakh rupees

T20: 3 lakh rupees

This change was implemented by BCCI in the year 2023, so that gender-based pay inequality can be eliminated and equal salary can be provided. However, one big difference still remains. The men’s team plays many times more matches than the women’s team, due to which their total earnings increase significantly.

Salary structure of men’s team

BCCI released Senior Men’s Annual Player Retainership 2024–25 in April 2025. In this, players are divided into four grades.

Grade A Plus : Rs 7 crore (including veterans like Virat Kohli, Rohit Sharma, Jasprit Bumrah)

Grade A: Rs 5 crore

Grade B : Rs 3 crore

Grade C : 1 crore rupees

It is clear that the salary of male players is many times more than that of female players, although the match fees of both have now been kept the same.

Expectations increased after World Cup victory

After the World Cup victory, the popularity of women’s cricket has increased rapidly. Both fans and experts are of the opinion that now the time has come when the salary of women players should also be increased according to their contribution.

Eighth Pay Commission Updates: More than one crore government employees and pensioners across the country are eagerly waiting for the Eighth Pay Commission and are keeping a close eye on every development taking place on it. Although, the government had approved the formation of the Eighth Pay Commission in January 2025, but the official notification has not been issued yet nor has the chairman and members of the commission been appointed.

One crore employees-pensioners waiting

The formation was expected by Diwali, but the Central Government has clarified that intensive discussions are going on with the state governments on this subject. Minister of State for Finance Pankaj Chaudhary had told in the Rajya Sabha that the notification regarding the commission is yet to be issued. However, he also said that the final decision on this has not been taken yet, but preparations are going on.

As soon as the notification is issued, the chairman and members of the commission will be appointed. The formal announcement of the formation of the Eighth Pay Commission was made on 16 January 2025. Its objective is to review the pay structure, allowances and pension of central employees. But according to sources, its implementation is not considered possible before 2026.

What is fitment factor?

Fitment factor plays the most important role in the new pay structure, because it directly affects the calculation of basic salary and pension. In the Seventh Pay Commission, the fitment factor was kept at 2.57. At that time the minimum salary was fixed at Rs 18,000 and minimum pension at Rs 9,000, while DA and DR were 58 percent.

If the government increases the fitment factor to 1.92 in the Eighth Pay Commission, then the minimum salary will be Rs 34,560 and the minimum pension will be Rs 17,280. At the same time, if it is increased to 2.08, then the basic salary can reach Rs 37,440 and pension can reach Rs 18,720. Moreover, as soon as the new pay commission comes into effect, DA and DR will automatically become zero (0%).

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Many people in India dream of going abroad and working. Everyone wishes to get good results of their hard work and have a good amount of savings in their hands after returning home. Today we are talking about a small but very rich country, Gibraltar, where you will be surprised to hear its earnings. If an Indian works there for 10 years, he can earn crores of rupees upon returning to India.

Gibraltar is a small British territory located at the southern end of Europe, adjacent to the border with Spain. It may be small in size, but it is very strong financially. The economy here depends on tourism, finance and shipping industry. Because of this, there is no dearth of jobs here and the salaries are also very high.

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Gibraltar currency and Indian rupee

The currency of Gibraltar is called Gibraltar Pound (GIP). Currently 1 Gibraltar Pound is equal to 118.11 Indian Rupees. That means if you earn one pound there, its price in India is around Rs 118.

If a person gets a monthly salary of 2,000 pounds in Gibraltar, then this amount in Indian currency will be – 2,000 × 118.11 = 2,36,220 per month. If a person works there continuously for 10 years, what will be his total earning?

Easy calculation of 10 years’ earnings

If your monthly salary is 2,000 pounds, then in a year you will earn 24,000 pounds. Total earning in 10 years will be – 24,000 × 10 = 2,40,000 pounds. Now convert this into Indian Rupees – 2,40,000 × 118.11 = Rs 2,83,46,400.

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What jobs are popular in Gibraltar

The service sector in Gibraltar is very strong. There are good opportunities for Indians in industries like banking, insurance, IT, casino, hospitality and tourism. Also, English language is prevalent here, so it is easy for Indians to work.

Benefits of working in Gibraltar

• High salary and stable economy – European level earnings.
• Less tax rules – The tax burden for workers is very less.
• Safe and modern environment – Despite being a small country, the facilities are excellent.
• Near Europe – Opportunities to expand career in other European countries in the future.

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Uttarakhand lekhpal salary: Lekhpal is a very important position in every state of the country. In Uttarakhand too, Lekhpal is considered to be the backbone of the revenue department of the state government. They have an important role in conducting government survey and maintaining revenue records to update information related to land.

In such a situation, the question comes as to how much salary the accountant gets at the moment and how much it will increase after the 8th Pay Commission. If the 8th Pay Commission applies. So it will not only increase the basic salary, which can lead to a big jump in the total salary of the accountants. Let us tell you how much Uttarakhand accountant is at the moment

How much is salary and what allowances?

At present, the accountants of Uttarakhand are given basic salary from Rs 21700 to Rs 69100 under the 7th Pay Commission. It falls under Pay Level-3. In this, the initial salary is between about 30 to 35 thousand rupees. Which includes DA, HRA, travel allowance and other government allowances.

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As the experience increases and promotion is available. The salary also gradually becomes 60 thousand rupees or more. Apart from this, facilities like pension, medical and gratuity are also provided. At present, fitment factor 2.57 has been kept in the Seventh Pay Commission. That is, the basic salary is given about two and a half times more than the old salary.

How much salary will increase from 8th pay commission?

The recommendations of the 8th Pay Commission apply. So the change in the fitment factor will have the biggest impact. It is believed that it can be increased from 2.57 to 3.00 or 3.10. With this, it is possible to increase the basic salary of Lekhpal by 25 to 30 percent. For example, if the basic salary of a accountant is Rs 21700.

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So after the new commission, it can reach about 27000 rupees. Along with this, DA and HRA will also increase. Due to which in-hand salary can increase from 35 thousand to about 45 to 50 thousand rupees. This will increase the salary of the accountants of Uttarakhand.

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