Can the basic pay component of salary of an employee (of an Indian IT company) at higher grade (suppose Director) be lower than an employee at lower grade (suppose Manager)? Please provide any reference to the Indian laws/regulations if any.
No laws / regulations prohibits salary structure payment. It is common in IT industry the salary of an employee is decided by the market value at the time of recruitment and subsequently on his performance. The performer / contributes earn more than his boss. Nothing prohibits. That is why the salary structure for top management in most of the Industry is confidential.
Is there any minimum slab for basic salary if an employee is covered under EPF & ESIC.
if yes , please share with the relevant logics
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute