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how much should basic pay be calculated from gross salary





 

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  #1  
31-08-2009, 05:24 PM
Join Date: Aug 2006
Location: CHENNAI
how much should basic pay be calculated from gross salary
Hi,
Looking at the basic pay structure my friend said that Basic pay should be 70% of the salary. Right now i have allotted 50% of the Gross Salary as Basic Pay. Is there any law or case which guides us on this issue ?

Warm Regards,
Ranjeet
A1bs
  #2  
31-08-2009, 05:32 PM
Join Date: May 2009
Location: Chennai
No rule. Normally it is 35 - 45%.
  #3  
31-08-2009, 05:40 PM
Join Date: Aug 2009
Its not rule like only this much percentage has to be calculated. Basically it varies from 40 to 50% of gross salary...
  #4  
31-08-2009, 05:41 PM
Join Date: Aug 2009
Location: Chennai
No rule as such but generally covers basic from 40% - 45%.

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