Tamil Nadu News

Tamil Nadu Budget 2024: Govt Announces New Payroll Subsidy For High-Paying Jobs

Joy Pillai February 19, 2024 3:19 PM IST

Finance Minister Thangam Thenarassu presented the state's budget in the Assembly today. He said that the state government is going to introduce a payroll subsidy for high-paying jobs in Global Capability Centres (GCCs). Under this, the subsidy of 30 percent in the 1st year, 20 percent in year 2 and 10 percent in year 3 for jobs with pay above Rs 1 lakh per month.

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