About Bsic (Salary Break-up)

Madhu Kumari
Dear All,
I m new in this form. I need your kind support. I have one doubt regarding salary break-up. how much minimum Basic (in salary) fix by govt. of india? Is it 30% of gross?
Regards,
Madhu
mihir.jha
Govt of India does forward calculation, starting from Basic. The pay scales are fixed and Basic salary starts from that basic only. Other allowances/components of salary follows. Govt. of India does not negotiate salary.
I Private organisations, they do backward calculation from ctc as they appont based on salary negotiation. hence both can not be compared.
Ana
Dear madhu
In CTC Salary Distribution will be
(A) Basic Salary + HRA + DA
(B) Conveyance + Medical + Other / Special Allowance if any
(C) Employers Contribution for PF (12% of Basic)
Employers Contribution for ESIC (4.75% of Gross)
(D) Employees Contribution for PF (12% of Basic)
Employees Contribution for ESIC (1.75% of Gross)
Gross Salary = (A) + (B)
CTC = (A) + (B) + (C)
Net in Hand = (A) + (B) - (D) ...
Salary break up as:
Basic-30%
HRA- 30%
Conveyances- 25%
Medical- 10%
Other- 5%....
Hope this might help you...
Chikk chik...
Regards
Ana
S. Krishnamoorthy
It is desirable to ensure that the basic pay plus DA is not lower than the minimum wages prescribed by the State Government. The mandatory contribution is based on the basic pay and plus DA. In other words, the basic pay should be (basic pay+DA)-DA (as prescribed by the State Government for that year).
S. Krishnamoorthy
prachinigam
Dear All,
kindly let me know the proper break up of gross monthly salary in private sector.with the help of table plz rever me soon .

Regards
Prachi
Nuzhat.nishi
Dear Admin ,
I am working in a leading automobile company in japan .But i am planning to relocate to india.My future company wants my salary break up .But i dont know about indian salary sytem.Would you like to help me in this context .Moreover I dont want to reveal my salary to my future company .
My gross income
Basic - 150900 + 80,000 Yen
Overtime - 1.40 x per normal hour (per month i am earning 80K to 90 K )
Holiday working allowance -if i work per day 13,000 yen (approx)
Commuter allowance - as I need (train from home to company)
Dependant allowance- I am single,but if i get married,i will get ,now 0 yen
Deduction.
Income tax 4,740 Yen
Resident tax - 7800 Yen
Health Insurance- 10,080 yen
Pension -20,544 yen
Em.insurance- 1,213 yen
property tax - 2,050 yen
Asset building saving- 1,000 yen
Lunch cost- 8,000yen
Union pay- 1,468 yen
Dormitory -9,148 yen
HOW CAN I BREAK UP THIS WITHOUT REVEAL MY SALARY ?
Thank you so much .
Nuzhat.nishi
cignam-consultant
Is 35% of gross as basic amount applicable?
Thanks And Regards,
Debasree Ghosh
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