what is Minimum basic for Salary ... In gujrat. ??? How much % calculated from CTC Regards, Mittal Patel
From India, Ahmadabad
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1From India, Ahmadabad
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It is common practice to set the basic salary at 40% to 60% based on location and other factors, with the rest of the salary being distributed as different allowances according to company policy. The key consideration is to set the basic salary plus DA in a way that reflects and aligns with the minimum wages prevailing in your state or industry for the given period. This point should be kept in mind when framing the CTC.
Benefits of Keeping Basic Salary Above Minimum Wage
The main benefit of keeping the basic salary above the minimum wage is the increased contribution to PF from both the employee and employer sides.
I hope this is clear, and please feel free to ask any further queries.
Thanks & Regards
From India, Mumbai
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Benefits of Keeping Basic Salary Above Minimum Wage
The main benefit of keeping the basic salary above the minimum wage is the increased contribution to PF from both the employee and employer sides.
I hope this is clear, and please feel free to ask any further queries.
Thanks & Regards
From India, Mumbai
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Request for Detailed Information
Your question has multiple answers. To assist you better, please provide more details. For example, does your organization fall under shops and establishments, or is it registered under the Factories Act? What kind of industry are you in? Where is your location?
I am an HR professional from Gujarat as well. We will be able to assist you better only if we have the correct information. Please share detailed information. You can inform us here, send a message in the inbox, email, or call. Here at Cite HR, we try to help each other as much as possible.
Regards,
Sagar Gulani
[Phone Number Removed For Privacy Reasons]
From India, Surat
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Your question has multiple answers. To assist you better, please provide more details. For example, does your organization fall under shops and establishments, or is it registered under the Factories Act? What kind of industry are you in? Where is your location?
I am an HR professional from Gujarat as well. We will be able to assist you better only if we have the correct information. Please share detailed information. You can inform us here, send a message in the inbox, email, or call. Here at Cite HR, we try to help each other as much as possible.
Regards,
Sagar Gulani
[Phone Number Removed For Privacy Reasons]
From India, Surat
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SALARY SHEET CALCULATION.xls
Salary calculation.doc