how to calculate basic salary? If salary is 5000 or 50000 or 200000. Pls Tell Me Financial Formula To Calculate the Basic Salary.So I want To Correct Formula To Calculate The Basic Salary.
From India, Ghaziabad
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Jeevarathnam
Sr. Hr Manager

There is no any standard formula. But generally companies will follow 40-60% as basic on the gross salary. But we have to ensure as Basic shall not be less than minimum wages.
I Have one excel salary calculation tool. Already its posted in the forum. If need I can share. You just ping to my email

From India, Bangalore
Dear Sir,
kindly insure to me about percantage of besic pay on gross pay where minimum labor wages is 359/- per day of unskilled labor and its other kins of deduction i.e. House rent Allowance, Dearness allowance, DA, special allowance and other kinds of pay in there salary in gross amount.
kindly clearify to me.

From India
Hi, If anybody have minimum wage details (In Excel or PDF)Please share....
From India, Kozhikode

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