Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Good Evening All
"the range for basic will be anywhere between 30 to 50%, Reason why it make sense to keep it at 50 vs 30, is that minimum wage is based on the basic rather than the gross. So as minimum wage increases, you do not want to be forced into increasing the overall wages for lower income employees, the higher the basic, the higher the buffer, in addition, for employees who fall into tax bracket, the HRA tax exemption will be lowered if the basic is lowered, this by having a higher basic, their tax savings also increase."
Above message received from one guy, i just want to confirmed that is it true? any suggestions????

From India, Mumbai
Message is very confusing. Forget about it. Ask your query here.
From India, Mumbai
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™