R.N.Khola
Labour Laws & Ir
NIRAJ J. SHAH
Labour Laws
Pankaj.007
Hr Officer
Hiten Parekh
Hr - Pharmaceutical Industry
Cmmohla
Hrm, Ir & Adminstration
Sumikoul
Hr Generalist
Veekayk99
Engineer
+4 Others

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Dear All team members,anyone can share rules & regulation (under section act) of percentage on basic salary.can i take 60% basic on gross salary in case (pf,esi,gt) is not include.Its possible or not.Please response on this.RegardsPankaj Sharma9871453233
Dear Pankaj, It is totally company’s discretion to fix a percetage of basic. U can take it as 60% of gross. Regards Sumiksha
That is different from company to company, If, suppose take higher percentage yours deductions is also is more. For Better one take 30% to 40%
Dear
Mr. Pankaj is asking from the members,the rules & regulation/ section of the Act which decides the minimum percentage for fixation of basic pay of total salary.
With Regards,
R.N.Khola



Hi all, The Basic Salary should be 50% of Gross Salary,HRA should be 50% of Basic salary,conveyance max Rs.800,Education Max Rs.500,Medical Max Rs.1250. Regards, Kamalakkannan.V
Dear Friends,
I feel following break-up is quite acceptable:
Basic = 50% of the salary in metro cities & 40% in non metro cities
HRA = 50% of the Basic salary
Conveyance = 800 per month
Medical Alloawance = 1250 per month
Education = It is based on employee grade
Performance commission = to balance off the gross
Regards,
NIRAJ J. SHAH
ADVOCATE, RAJKOT, GUJARAT
98251-54133

Dear friend,
There is no percentage fixed for calculation of basic salary, it varies from company to company, and their policies.However the percentages mentioned by my follow hr friends are mostly practiced.
Regards
Chander Mohan Mohla

hi! Please try to cover the minimum wages of the respective state . apart from this you can do as per your company policy. Regards Sanjeev Choudhary
Thanx to all Citehr members for your sugestions about basic salary. If you have any web link about labour laws then please reply me. Regards, Pankaj Sharma 9871453233 New Delhi
Dear Friends, Please see the attach excel file and send me reply asap. Thanks, With regards, NIRAJ J. SHAH

Attached Files
File Type: xls DEFINITION OF WAGES.xls (13.5 KB, 972 views)


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