Hai all, Requesting a query regarding basic salary calculation. Is it a rule that 40% or 50% of gross pay is basic salary?. Kindly clarify , if any one can help me.
From India, Kannur
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From India, Kannur
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Hi,
There is no rule specifying that the basic salary should be 40% or 50%. It is calculated as 40% or 50%, and the rest is paid as other allowances to reduce the income tax for the employee and to decrease the overheads for the employer.
From India, Bangalore
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653There is no rule specifying that the basic salary should be 40% or 50%. It is calculated as 40% or 50%, and the rest is paid as other allowances to reduce the income tax for the employee and to decrease the overheads for the employer.
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc