I am regular employee of indian oil corp. ltd. My basic pay is reduced after issue of basic pay fixation letter. I have worked in the offciating capacity in the higher pay of ten percent from my existing pay for some time and after due time i got promotion in the same grade.so my earlier pay fixation is done on the increased amount of my ten percent and my real basic. but now, the management have refix my basic on normal basic leaving ten percent.
I would like to know whether basic once fixed can be reduced or not....
I would like to know whether basic once fixed can be reduced or not....