Hi, As per the new wage code the Basic salary will be 50% of the gross salary. However, within this Basic salary heading what will the percentage of Basic Salary header.
For Eg my current Salary headings with percentage are
BASIC: 45% of Gross
HRA: 50% of Basic
Medical: 1250
Conveyance:1600
Sp Allowance: Balance of the above-mentioned components
Now in the new wage code what will be the percentage contribution of the Basic header only or there will be just one header Basic with 50% of gross salary.
Plz advise as I want to calculate gratuity for some employees
For Eg my current Salary headings with percentage are
BASIC: 45% of Gross
HRA: 50% of Basic
Medical: 1250
Conveyance:1600
Sp Allowance: Balance of the above-mentioned components
Now in the new wage code what will be the percentage contribution of the Basic header only or there will be just one header Basic with 50% of gross salary.
Plz advise as I want to calculate gratuity for some employees