Hi,
Looking at the basic pay structure, my friend said that basic pay should be 70% of the salary. Right now, I have allotted 50% of the gross salary as basic pay. Is there any law or case that guides us on this issue?
Warm Regards,
Ranjeet
A1bs
From India, Madras
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Looking at the basic pay structure, my friend said that basic pay should be 70% of the salary. Right now, I have allotted 50% of the gross salary as basic pay. Is there any law or case that guides us on this issue?
Warm Regards,
Ranjeet
A1bs
From India, Madras
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Its not rule like only this much percentage has to be calculated. Basically it varies from 40 to 50% of gross salary...
From India, Bangalore
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From India, Bangalore
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Hi,
Do you think an employer can set the basic salary amount to anything they want? One of my friend's CTC is 25000, and the basic salary is only 1300 Rs. Is this possible? Are there any rules regarding the minimum basic amount?
From India
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Do you think an employer can set the basic salary amount to anything they want? One of my friend's CTC is 25000, and the basic salary is only 1300 Rs. Is this possible? Are there any rules regarding the minimum basic amount?
From India
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Basic salary should be just more than minimum basic wages prevalent, but usually as a convention its 35% to 50 % varying with company policies.
From India, Delhi
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9From India, Delhi
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SALARY SHEET CALCULATION.xls
Salary calculation.doc