Hi all,
Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,
Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,