LIC HFL Junior Assistant Salary 2024, Job Profile, Salary Structure

LIX HFL Junior Assistant Salary 2024: The LIC HFL Junior Assistant salary for 2024 ranges between ₹32,000 and ₹35,200 per month, depending on the city category where the employee is posted. This gross salary includes the basic pay, Housing Rent Allowance (HRA), other benefits, and the company’s contribution to the Provident Fund (PF). The starting basic pay for a Junior Assistant is ₹20,000 per month, with additional allowances as per company rules and regulations.

LIC HFL Junior Assistant Salary 2024

The LIC HFL Junior Assistant Salary 2024 depends on factors like the city of posting and various benefits, including HRA and PF company contributions. Employees can also receive annual increments of up to 10% based on their performance, which boosts their overall earnings. For those interested in applying for the LIC HFL Junior Assistant post, it is important to note that the final salary package will vary based on the posting location.

LIC HFL JA Salary – Overview

For the year 2024, the LIC HFL JA Salary ranges from ₹32,000 to ₹35,200 per month. The exact salary depends on the city category where the employee is posted. This total emolument includes basic pay, house rent allowance (HRA), other benefits, and the company’s contribution to the provident fund (PF).

City Category-wise Salary Details:

City Category	Basic Pay	HRA	Other Benefits	PF – Company Contribution	Total Monthly Salary	Annual Salary	In-Hand Monthly Salary
I	₹20,000	₹4,400	₹8,400	₹2,400	₹35,200	₹4,22,400	₹32,800
II	₹20,000	₹3,600	₹7,600	₹2,400	₹33,600	₹4,03,200	₹31,200
III	₹20,000	₹3,000	₹7,000	₹2,400	₹32,400	₹3,88,800	₹30,000

LIC HFL Junior Assistant Salary Structure 2024

The salary structure for LIC HFL Junior Assistants comprises several components such as basic pay, HRA, and others. The details for the same are discussed below.

Component	Amount
Basic Pay	₹20,000
HRA	₹4,400
Other Benefits	₹10,800
Gross Pay	₹35,200
Less: PF Contribution	₹2,400
In-hand Salary	₹32,800

LIC HFL JA Salary Slip

The salary slip for an LIC HFL Junior Assistant typically includes:

Basic Pay	₹20,000
HRA	Varies based on city category:
	₹4,400 for Category I
	₹3,600 for Category II
	₹3,000 for Category III
Other Benefits	Varies based on city category:
	₹8,400 for Category I
	₹7,600 for Category II
	₹7,000 for Category III
PF – Company Contribution	₹2,400
Total Monthly Salary	₹32,400 to ₹35,200

What Is the In-Hand Salary of LIC HFL Junior Assistant?

The monthly In-Hand Salary for a LIC HFL Junior Assistant includes both the basic pay and additional benefits, with deductions for PF, taxes, and other applicable charges. Typically, the in-hand salary ranges from Rs 32,000 to Rs 35,200, depending on the location and city category. In addition to the base salary, Junior Assistants are also entitled to various benefits as part of their compensation package.

• City Category I: ₹32,800
• City Category II: ₹31,200
• City Category III: ₹30,000

This figure is after deductions for taxes and other statutory contributions.

LIC HFL Junior Assistant Salary City-Wise

The LIC HFL Junior Assistant Salary for 2024 varies slightly based on the city category. Regardless of the city, the basic pay is Rs. 20,000. However, HRA and other benefits differ, with City Category 1 offering the highest allowances. As a result, the gross pay ranges from Rs. 35,200 in Category 1 cities to Rs. 32,400 in Category 3 cities. After deducting applicable taxes, the in-hand salary ranges from Rs. 32,800 to Rs. 30,000, depending on the city category.

Particulars	City Category 1	City Category 2	City Category 3
Basic Pay	Rs.20,000	Rs.20,000	Rs.20,000
HRA	Rs.4400	Rs.3600	Rs.3000
Other Benefits	Rs.8400	Rs.7600	Rs.7000
PF – Company contribution	Rs.2400	Rs.2400	Rs.2400
Gross Pay	Rs.35200	Rs.33600	Rs.32400
LIC HFL Junior Assistant Salary In hand 2024 (Excluding applicable Taxes)	Rs.32800	Rs.31200	Rs.30000

LIC HFL JA Salary – Perks & Allowances

In addition to the base salary, LIC HFL Junior Assistants receive several perks and allowances:

• Dearness Allowance (DA): This adjustment helps offset the cost of living and is a percentage of the basic pay. It is updated quarterly according to the Consumer Price Index (CPI).

• House Rent Allowance (HRA): The HRA varies based on the city of posting: Tier I City: ₹4,400, Tier II City: ₹3,600, Tier III City: ₹3,000

• Medical Benefits: Employees and their dependents are covered under medical insurance.

• Leave Travel Concession (LTC): Employees can claim travel expenses for themselves and their families to visit their hometown or travel to any other destination within India.
• Provident Fund (PF): Both the employer and employee contribute a fixed percentage of the basic pay to this mandatory retirement savings scheme.
• Gratuity: Employees receive a lump sum payment upon retirement or resignation, provided they have met the minimum service period.
• Performance-Based Incentives: Based on quarterly and annual performance, employees may receive increments of up to 10% of their total annual salary.

LIC HFL Junior Assistant Job Profile

The LIC HFL Junior Assistant role involves various administrative and clerical tasks, including:

Responsibility	Description
Clerical and Administrative Support	Data entry, maintaining files and records.
Communication Management	Responding to phone calls and emails, addressing customer inquiries related to loans or accounts.
Loan Processing Support	Collecting and verifying documents, preparing loan files.
Miscellaneous Tasks	Performing additional tasks as assigned by the manager.

LIC HFL Junior Assistant Probation Period

Here’s the information about the LIC HFL Junior Assistant probation period in a tabular format:

Aspect	Details
Post	Junior Assistant
Probation Duration	6 months from the date of joining
Extension	Probation may be extended based on performance and organizational needs

LIC HFL Junior Assistant Salary – Promotion

Career progression for LIC HFL Junior Assistants may lead to promotions and salary increments based on performance and tenure. Promotions typically involve moving to higher posts within the company, with corresponding increases in salary and responsibilities.

Promotions are based on performance, seniority, and organizational requirements. Junior Assistants can advance to higher posts with increased responsibilities and salary.

• Career Advancement: Junior Assistants at LIC HFL can advance to higher positions such as Assistant, Associate, and Manager with experience and good performance.
• Encouragement for Further Education: LIC HFL supports employees in pursuing additional education and training to enhance their skills and knowledge.
• Professional Development: Employees are encouraged to develop their expertise through various training programs and opportunities provided by the company.

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LIC HFL JA Salary 2024 – FAQs