1. Which job has the highest salary in India? Jobs with the highest salaries in India are medical professionals, data scientists, machine learning experts, blockchain developers, full-stack software developers, investment bankers and product managers.
Is 1 lakh a good salary in India? Yes, earning 1 lakh per month is considered a good salary in India. It translates to INR 12 lakhs per annum, which is a substantial amount of money in India and can provide a comfortable standard of living, especially in smaller cities or towns.
Countries that pay the highest salaries globally are Switzerland, Luxembourg, Singapore, USA. Full list here.
India | Rs 16 Lakhs
It's fairly easy to be in the top 1 per cent in India – You would need to earn just around $77,000 or Rs 16,13,073 annually.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
The average annual salary in Australia is $68,900 and $35.30 per hour. It is just the average salary for basic workers but skilled and experienced workers also earn around $108,980 annually. The average salary also varies depending on the field of work and the job role of workers.
India offers the most competitive labor costs in Asia, with the national-level minimum wage at around INR 178 (US$2.16) per day, which works out to INR 5340 (approx.US$65) per month. This number is a floor-level wage – and the wage rate will vary depending on geographical areas and other criteria.
A single person estimated monthly costs are 326.6$ (26,811.7₹) without rent. Cost of living in India is, on average, 70.0% lower than in United States. Rent in India is, on average, 88.7% lower than in United States.
The average cost of living in Mumbai with rent primarily depends on your lifestyle. If you lead a simple lifestyle, it is possible to stay for ₹25,000 to ₹35,000 a month.
Officially, the average wage is $75,000 a year, but that is skewed by a small number of very high income earners. In reality, around 70 per cent of tax payers actually earn less than the average wage. If pensioners are included in this count, four out of five Australians earn less than the average.
According to Expatistan, this means Australia is one of the most expensive places to live (ranked 13 out of 74). Generally, a higher cost of living means that basic expenses have become – well, expensive.
Well, that would come out to $79,000 a year if you're a full time employee (38 hours per week). Median employee earnings across Australia runs at about $62,000 a year. So, obviously, it's better than most. However, you won't be especially comfortably off if you live in an expensive city and you have dependents.
$100,000/year is above an average salary and if you're frugal enough, on $100,000/year, you should be able to live a good life and save some money too. Usually if you consider living in desirable locations of cities like Melbourne and Sydney, most of your income will be consumed in the house rents.
So a taxpayer with an income of $80,000 a year is therefore in the top 20 per cent of Australians.
What is a good salary in Australia? A good salary in Australia is $5,000 to $6,000 per month or $60,500 to $72,500 per year. The national average income is $60,500 per annum. If living in major cities like Melbourne and Sydney, expect to earn around $100,000 per year or more depending on your experience.
If you have a net-worth of Rs 1.44 crore ($175,000), you are among the top one per cent of wealthy individuals in India, says a report.
An Indian earning a monthly wage of Rs 25,000 is among the top 10 percent of earners in the country. This is what the recently released 'State of Inequality in India' report by the Institute for Competitiveness found, using available government data.
India's median salary is 27,200 INR per month (330 USD). This implies that half of the Indian population earns less than 27,200 INR every month, while the other half earns more than 27,200 INR.