Psdhingra
Legal Analyst, Hrm
Mahen_20001
Manager - Hr
Eagle
Pf & Esic Advisoer
BARAUNI2006
Human Resource
Anam_m1980@yahoo.co.in
Human Resources

Thread Started by #BARAUNI2006

I am regular employee of indian oil corp. ltd. My basic pay is reduced after issue of basic pay fixation letter. I have worked in the offciating capacity in the higher pay of ten percent from my existing pay for some time and after due time i got promotion in the same grade.so my earlier pay fixation is done on the increased amount of my ten percent and my real basic. but now, the management have refix my basic on normal basic leaving ten percent.
I would like to know whether basic once fixed can be reduced or not....
6th March 2011 From India, Begusarai
Hi can any body tell me the proceedure of diciding the basic wages? Is there any specific rules for the same?
7th March 2011 From India, Calcutta
Your query is not clear, whether you have worked in officiating capacity only for sometime on the higher post and now reverted back to your original post OR you are still working in officiating capacity on the higher post?

8th March 2011 From India, Delhi
Dear User........
First of all I would like to suggest you to provide your details with your designation & department in which you are working and also the grade pay for the category. your query is really not so clear, anyway whatsoever the management has decided about the basic salary fixation is right as per the laws.
Thanks & Regards.
Prabhat Mishra
(Officer - HR & Administration at Jaihind Projects Limited)
+91-9992005392
Web : Gas Power Plant Projects, Water Supply System, BOT Projects in India
E-mail Id :

8th March 2011 From India, Mumbai
your query is good no change in your basic wages if you r on pay roll on ioc for last five year see study minmum wages act 1945 & also read epf mis act1952 clause 5 secton 1
8th March 2011 From India, New Delhi
Hi,
As per existing scenario, Basic is normally 60% of the Basic Salary or 50% of the Basic Salary the reason being that, P.F contribution is done Basic Salary so employee is benefited with maximum contribution and also the Gratuity / Leave encashment is calculated on Basic + DA.
Regarding the Reducing the Basic Pay, Normally Basic Salary will not be reduced unless it is a case or de-promoted/non performance
Regards,
G.B. Mahendra Kumar
Fortune Hub - One Stop solution for Total HR Domain
8th March 2011 From India, Bangalore
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