What are the norms for determining the socioeconomic status of a person?
Answer:
As such there are no norms fixed for deciding the socio-economic status of individuals. However, Income tax limit can be accepted as a criteria for fixing socio-economic norms . So, as per this the SES groups can be identified as :
Below Poverty Line :
As per the Government of India, poverty line for the urban areas is Rs. 296 per month and for rural areas Rs. 276 per month, i.e. people in India who earn less than Rs. 10 per day. As per GOI, this amount will buy food equivalent to 2200 calories per day, medically enough, to prevent death. At this level of earning, even in a poor country like India, survival on Rs. 10 per day is a nightmare! This actually translates to Rs. 3650 per year or US $ 75 per year.
2. above poverty line but non income tax payer :
If the taxable annual income is less than Rs.1,10,000/- for individuals, 1,45,000/- for women and 1,95,000/- for senior citizens.
3..Between Rs.1,10,000/- and Rs 1,50,000/- paying tax @10%
4. Between Rs. 1,5001/- and Rs 250,000/- paying tax @20%.
5. Between Rs.2,50,001 and Rs.10.00,000/- paying tax @30%
6.Earning Rs.10,00,001 upwards paying tax @30% along with a surcharge of 10 per cent of the total tax liability.
These groups can be taken for the studies ,but , agricultural income earning people are nor coming under the income tax gamit..
before conducting the survey determine what are u r objectives. economic status depends on the level of income of any individual. frame a good questionnaire or schedule. refer goode and hatt rsearch methodoly book or bhandarkar.s book on research and methodology. u can contact centre for economic monitoring new delhi or centre for economic and social science begumpet, hyderabad andhra pradesh india and the director is prof. mahandranath. u can depend on the govt. of india statistics. read the characteristics of good questionnaire in which how to frame the questions. sofar the below poverty people means persons who are not having two square meal per day or persons whose income is less than 2.400 per annum are to be considered. income below 50,000. 50.000-1.00.000 1.00000- 2,50,000 2.50-to 3laqkhs, 3-4 5-6 6-7.7-8 and above 10 lakhs can be classified. sofar the socio conditions are concerned follow the norms of govt of india. all the best.
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