How much is the minimum basic salary of the gross salary in Karnataka?
From India, Bengaluru
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From India, Bengaluru
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Understanding Basic Salary and Allowances
Basic salary means the total emolument agreed to be paid for the services of an employee. Anything over and above this, which is paid to compensate for certain costs on account of the employee's stay in the locality for the purpose of employment, are allowances. House rent allowance and traveling allowance are compensatory allowances. There are certain amounts that will accrue under specific conditions, such as incentives and overtime allowance, which are also outside the scope of basic wages. In short, there is no specific percentage for basic wages based on the gross salary.
From India, Kannur
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4526Basic salary means the total emolument agreed to be paid for the services of an employee. Anything over and above this, which is paid to compensate for certain costs on account of the employee's stay in the locality for the purpose of employment, are allowances. House rent allowance and traveling allowance are compensatory allowances. There are certain amounts that will accrue under specific conditions, such as incentives and overtime allowance, which are also outside the scope of basic wages. In short, there is no specific percentage for basic wages based on the gross salary.
From India, Kannur
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Minimum salary depends on various factors such as sector, qualification, skill category, etc. You can get an idea from the official website: https://karmikaspandana.karnataka.go...ear+2023-24/en
Regards, Amitabh
From India, Delhi
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Regards, Amitabh
From India, Delhi
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Appreciate Madhu & Amitabh's views.
Minimum Basic Salary Requirements
Ensure the minimum basic salary is not lower than the minimum specified by the relevant state or central government, as applicable. This requirement varies depending on the industry, skills, location, etc.
From India, Bangalore
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Minimum Basic Salary Requirements
Ensure the minimum basic salary is not lower than the minimum specified by the relevant state or central government, as applicable. This requirement varies depending on the industry, skills, location, etc.
From India, Bangalore
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Gross Salary(1).xls