Hi all,
Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,
From India, Bangalore
4Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,
From India, Bangalore
Please refer to Minimum Wages comprising of basic & VDA applicable to Shops & Commercial establishments in karnataka based on category of Employees.The Salary mentioned therein should be adhered to.Fixation of Salary does not come under the purview of Shops & Commercial Establsihments Act.
From India, New Delhi
From India, New Delhi
Basic Salary is the integral part of Minimum Wages. Mr. Gera rightly said, quantum us Basic Salary isn’t scripted in Act.
From India, Mumbai
From India, Mumbai
Dear Srinath Sai Ram, In my opinion basic salary should be 60% of total wages and 20% HRA balance other allowances..... K.Jayaraman
From India, Karaikal
From India, Karaikal
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Minimum wages- Basic.pdf