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Varsha July 24
How much is the minimum basic salary of the gross salary in Karnataka?
From India, Bengaluru
Madhu.T.K
4207

Basic salary means the total emolument agreed to be paid for the services of an employee. Anything over and above which are paid to compensate certain costs on account of the employee's stay in the locality for the purpose of employment are allowances. House rent allowance and travelling allowance are allowances which are compensatory in nature. There are certain amounts which will accrue on certain conditions, like incentives, overtime allowance, and these are also out of the scope of basic wages. In short there is no percentage as such for basic wages on gross salary.
From India, Kannur
amitabh-yadav
Minimum salary is depend on various factors like, Sector , Qualification , Skill Category Etc , You can get an idea the office website i.e.

https://karmikaspandana.karnataka.gov.in/info-4/Minimum+Wages+Notification/Minimum+Wages+rates+for+the+Year+2023-24/en

Amitabh
Digital Marketing Manager
https://www.TaxwithEase.com/ca-in-rohini

From India, Delhi
jeevarathnam
636

Appreciate Madhu & Amitabh's views

Ensure the minimum basic salary not lesser than the scheduled minimum was notified by the respective state/central government as applicable. It varies between each industry, skills, location etc

From India, Bangalore
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