Can an IAS officer earn in crores legally?

Can an IAS officer earn in crores legally?

Can an IAS officer earn in crores legally?

IAS officials and other civil servants may lawfully make crores of rupees by saving their salaries and investing them legally in equities, bonds, mutual funds, and real estate. When compared to the private sector, the salary following the 7th pay commission is still lower.

Is IAS officers are rich?

IAS officers have been found amassing disproportionate assets and wealth varying from ₹200 crore (US$28 million), to ₹800 crore (US$110 million).

Can a IAS officer be a Millionaire?

There can be scenario's that can make an IAS officer millionaire let's take a look at one by one....Earning from their salary.
Basic salaryyears/timescaletotal earnings
1,18,50013-16 years56,88,000
1,44,20016-24 years1,55,73,600
1,82,20025-30 years1,31,18,400
2,05,40030-33 years73,94,400

Do IAS officers live luxurious life?

Their life is considered very luxurious with a great salary and all the benefits provided by the government. This is what a normal person thinks about an IAS officer.

Do IAS pay tax?

As we all know that IAS is the most sought after job that every Indian wants. But the sad part is that only a few of them are selected as a Civil Servant. The life of an IAS Officer is class apart....IRS Salary Structure, Job Profile.
DesignationPay Scale
Principal Commissioner of Income TaxINR 75000 to INR 80000

Can IAS get Z security?

It can be classified based on strength of security. They are Z+ category – provided by 36 personnel, Z category – provided by 22 personnel, Y category – provided by 11 personnel, X category – 2 personnel.

Can IAS buy BMW?

IFS officers can afford Audi ,BMW or Mercedes( they can buy cars duty free ). Even an IAS officer can buy one after 10 to 15 years of savings from salary.

Who is IAS Deepak Rawat?

Deepak Rawat is an Indian Administrative Service (IAS) officer who is very popular on various social media platforms for his socio-welfare initiatives.

Can an IAS officer buy a BMW?

IFS officers can afford Audi ,BMW or Mercedes( they can buy cars duty free ). Even an IAS officer can buy one after 10 to 15 years of savings from salary.

Is IAS life good?

Life of an IAS officer Indian Administrative Service (IAS)officer is considered as one of the most reputable and desirable careers in India. This is because an IAS officer has the potential to bring about a positive change in the society and among communities and individuals.

Who is the richest IAS officer in the world?

The richest IAS officer is one who helps his / her people to overcome or eliminates all the difficulties faced by them! The person who gains abundant affection from his/her people! He can be the richest when he is most honest to each and everyone! He can be the richest when he gives his wealth and satisfaction to his people!

Why are many IAS, IFS, IPS and IRS officers rich?

So, if you even retire, you might get a job in consulting, or in a private firm or you can start your own business. Nowadays, many IAS Officers are starting there own business while they are in service. That’s are some ways in which an Honest IAS, IPS officers makes money. And probably why many of them are rich.

Is the salary of IAS officers too low in India?

In India it is said that the salary in government services is too low. Many bright students do not want to join the government services for low salary. But IAS is not everything about salary, it is not a simple job for making money, it is also about serving the nations and its billions of people.

Who are 5000 VIPs of IAS in India?

Amit Kataria is one of those 5000 VIPs. 5000 IAS officers sounds a very small number to administer a large and populous country like India. To become an IAS officer is considered to be great achievement in India, it is a matter of great respect for the family to whom IAS officer belongs.

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