Your company can increase the % of the basic, but please check with your account detpartment also as increasae in basic pay would actually increase a lot of coponents like PF and Gratuity increasing the financial burden.
From India, Bangalore
From India, Mumbai
As per the statutory requirement the BP should be min 40% and max 60% of Gross Salary. It depends on the Company on what to opt.
As you are saying if the PF is included in the CTC than there wouldn't be much burden to the Company other than bearing the Administrative Charges of the same. (PF Policy is flexible)
Other than PF what are the other Components included in the CTC? If ESI is included than the Company contribution would be 3.75% on BP + DA.
Also discuss with your accounts department before forming any decision.
From India, Hyderabad
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