how much should basic pay be calculated from gross salary
CiteLegal
 
HOME RISE NEW ABOUT LOGIN
Home > Human Resource Section > Employee Compensation & Benefits

how much should basic pay be calculated from gross salary

HR - Aone Biz Started The Discussion:

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

pushpagirish - Member Since: Aug 2009
Its not rule like only this much percentage has to be calculated. Basically it varies from 40 to 50% of gross salary...

sujalhshah - Member Since: Apr 2010
Hi...Do u think employer can fix basic salary amount to anything they want to? one of my friend's ctc is 25000 and basic salary is only 1300 rs... is it possible? is there any rule regarding minimum basic amount?

ramneet.s - Member Since: Aug 2009
Basic salary should be just more than minimum basic wages prevalent, but usually as a convention its 35% to 50 % varying with company policies.

vigsysjesu - Member Since: Dec 2008
No minimum basic amount prescribed by law. But, normally it will be calculated 40% to 50 % of the gross. Your basic and DA is your real salary.

Found This Useful? +Vote Up This Page Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.




Explore Topical Knowledge Areas

Interesting Relevant Discussions


DISCUSSSION STATISTICS


3283
VIEWS

4
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


3M Users, 100K+ Documents & 450K+ Discussions

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network