Hi Mahib
Most Cos. fix Gross Salary xx and 40 to 50% of it will be the Basic salary to reduce PF/ESI/Bonus/Gratuity liability. In your case, the Basic which was 6,500 earlier; was revised to 15,000.
Please let us know
1.what was ur Gross Salary earlier &
2. Gross Salary after the revision ? (i.e.,when your Basic was revised from 6,500 to 15,000).
This may help us to know the motive of revising Basic more than double of the earlier Basic. Is it to avoid PF /ESI etc., Please give the break of deductions also to know the working of take home pay and how the increase in Basic has resulted in reduction of take home pay.
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Most Cos. fix Gross Salary xx and 40 to 50% of it will be the Basic salary to reduce PF/ESI/Bonus/Gratuity liability. In your case, the Basic which was 6,500 earlier; was revised to 15,000.
Please let us know
1.what was ur Gross Salary earlier &
2. Gross Salary after the revision ? (i.e.,when your Basic was revised from 6,500 to 15,000).
This may help us to know the motive of revising Basic more than double of the earlier Basic. Is it to avoid PF /ESI etc., Please give the break of deductions also to know the working of take home pay and how the increase in Basic has resulted in reduction of take home pay.
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