Hi,
Please let me know how to calculate Basic. Is there any specific formula for the same? What we used to do is basic is 40% of the CTC offered. But in my current organization, it's not like that. They have some different slabs, and we try to give a net take-home salary as much as we can.
Please suggest!
Bharat
From Spain
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1Please let me know how to calculate Basic. Is there any specific formula for the same? What we used to do is basic is 40% of the CTC offered. But in my current organization, it's not like that. They have some different slabs, and we try to give a net take-home salary as much as we can.
Please suggest!
Bharat
From Spain
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Dear Bharat,
There is no specific formula for calculating the Basic Pay. Every company has its own formula. Some will derive 70% of the total gross salary, and the same is the case with others.
In my company, we have 55% basic pay of the gross salary and 45% house rent of the gross salary. Altogether, it will become 55% + 45% = 100%.
Regards,
Zubair
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There is no specific formula for calculating the Basic Pay. Every company has its own formula. Some will derive 70% of the total gross salary, and the same is the case with others.
In my company, we have 55% basic pay of the gross salary and 45% house rent of the gross salary. Altogether, it will become 55% + 45% = 100%.
Regards,
Zubair
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Salary with TDS Calculation-Fin al Amended for net.xls