What is the Salary of an Accountant at Coal India?

The average annual salary for an Accountant at Coal India, with 0 to 4 years of experience, is about ₹4 lakhs per year. In simpler terms, that's how much they make on average in a year. 

Let's break down the benefits that employees at Life Insurance Corporation of India (LIC) receive:

• Mandatory Benefits:
  • Gratuity: LIC follows the Gratuity Act, ensuring employees receive a sum of money after five years of service.
  • Provident Fund (PF): Employees contribute to this fund, providing long-term savings and retirement benefits.
  • Insurance Coverage: LIC offers health and life insurance to protect employees financially.
  • Maternity Leave: Female employees receive maternity leave as per the Maternity Benefit Act.
  • Compliance with Labor Laws: LIC ensures adherence to various state-specific labour laws.
• Optional Benefits:
  • Transport Allowance: To assist with commuting expenses.
  • Housing Assistance: Potential help with housing or housing loans.
  • Wellness Programs: Initiatives promoting physical and mental well-being.
  • Professional Growth: Training, workshops, and learning opportunities.
  • Financial Perks: Bonuses, incentives, and performance-based rewards.
  • Office Benefits: Meal vouchers, mobile reimbursements, and other perks.
  • Time Off: Paid holidays, sick leave, and vacations for work-life balance.

Here's a breakdown of what accountants typically do:

• Recording Transactions: They keep track of all the money coming in and going out of a business.
• Checking Procedures: Accountants make sure that the ways money is handled are efficient and follow the rules.
• Spotting Mistakes: They look at financial papers to find any mistakes or odd things that need fixing.
• Balancing Accounts: Accountants make sure that all the money in bank accounts matches up with what's written in the records.
• Making Budgets: They create plans for how money should be spent, and they explain these plans to others.
• Dealing with Taxes: Accountants handle all the paperwork and calculations needed to pay taxes correctly and on time.
• Understanding Finances: They look at reports to understand how well a business is doing financially and make suggestions for improvement.
• Working with Auditors: Accountants help outside experts check if everything is done right and legal.
• Helping to Save Money: They give advice on how to make more money and spend less.
• Predicting Finances: Accountants make guesses about how well a business will do in the future based on what's happening now.
• Explaining Money Matters: They talk to bosses, investors, and others about what the numbers mean and what should be done.