How much should basic pay be calculated from gross salary.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > Human Resource Section > Employee Compensation & Benefits

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.




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This 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.



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

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    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