hi, can anyone explain from our gross salary how to fix basic and when should our basic salary be revised whether along with yearly increment or after certian period. uma
From India, Madras
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4From India, Madras
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Hi Uma,
Basic salary may vary from 25% to 60% of your gross. It depends on the company's salary structure, how they have structured the salary breakdown, and what benefits they are providing. Yes, during increments, the basic salary should definitely be revised.
Regards,
Amit Seth
From India, Ahmadabad
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Basic salary may vary from 25% to 60% of your gross. It depends on the company's salary structure, how they have structured the salary breakdown, and what benefits they are providing. Yes, during increments, the basic salary should definitely be revised.
Regards,
Amit Seth
From India, Ahmadabad
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To add to uma, can someone tell me that for what kind of companies will the basic salary should be 60% of the gross. Regards, Santosh Verma.
From India, Bangalore
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From India, Bangalore
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Dear Santosh,
There are many companies paying such high basic salaries. I know of a major textile company with the following salary structure:
- Basic: 9000
- HRA: 3150
- Conv: 825
- Spl All: 750
- Med: 250
- LTA: 225
- Gross: 14200
As you can see, the basic salary alone exceeds 60%. The actual percentage may vary depending on the company's policy.
Regards,
Amit Seth
From India, Ahmadabad
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There are many companies paying such high basic salaries. I know of a major textile company with the following salary structure:
- Basic: 9000
- HRA: 3150
- Conv: 825
- Spl All: 750
- Med: 250
- LTA: 225
- Gross: 14200
As you can see, the basic salary alone exceeds 60%. The actual percentage may vary depending on the company's policy.
Regards,
Amit Seth
From India, Ahmadabad
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Salary Increment.pps
Salary Structure Policy ().xls
10.6% Salary Increment in 2013.pdf