Legal Analyst, Hrm
Manager - Hr
Pf & Esic Advisoer
8th March 2011 From India, Delhi
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.
(Officer - HR & Administration at Jaihind Projects Limited)
Web : Gas Power Plant Projects, Water Supply System, BOT Projects in India
E-mail Id :
8th March 2011 From India, Mumbai
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
G.B. Mahendra Kumar
Fortune Hub - One Stop solution for Total HR Domain
8th March 2011 From India, Bangalore