Basic Salary increment Vs Package Salary Increment

N77 · #1 25-02-2008, 10:37 PM

Hi all, Fortunately I just got my 9% increment, however, it was written within the letter I received that "9% increment on the basic salary", so I asked someone that it should differ if it was on my package salary but he responded that "both cases will result with the same total!!"

I dont get it, if my basic salary is X and my package (After allowance addition) is X+3000, how would both be the same??

Hope some one will help and thanks in advance

ssk73 · #2 26-02-2008, 12:11 AM

An increase in basic has impact or rise in the following.

If you receive 1 time basic as LTA or Mediclaim annually, this adds to it.

The company contribution of PF or Super annuation also gets included into it.

So you can detemine your net rise in percent accordingly.

Regards

Sampathkumar

N77 · #3 26-02-2008, 10:48 PM

Quote:

Originally Posted by ssk73

An increase in basic has impact or rise in the following.

If you receive 1 time basic as LTA or Mediclaim annually, this adds to it.

The company contribution of PF or Super annuation also gets included into it.

So you can detemine your net rise in percent accordingly.

Regards

Sampathkumar

I dont get HR terminology, but someone already explanined it to me
Thank you anyway