Dear All,
Is it mandatory, or is there any rule which states that the Basic Salary should be 50% of Gross or CTC? I belong to Hyderabad, Andhra Pradesh. Can somebody help me out in this regard in line with the AP Shops & Establishments Act or AP Labour Act?
From India, Hyderabad
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3Is it mandatory, or is there any rule which states that the Basic Salary should be 50% of Gross or CTC? I belong to Hyderabad, Andhra Pradesh. Can somebody help me out in this regard in line with the AP Shops & Establishments Act or AP Labour Act?
From India, Hyderabad
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Hi Krishna,
It is not mandatory that the Basic Salary should be 50% of Gross or CTC. Please read the MOA & AOA and also the policy & procedures of the company. Ideally, the range of basic salary is 30% to 60% of the Gross salary. However, it also depends upon the company's policy.
Hope this helps you.
From India, Bangalore
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It is not mandatory that the Basic Salary should be 50% of Gross or CTC. Please read the MOA & AOA and also the policy & procedures of the company. Ideally, the range of basic salary is 30% to 60% of the Gross salary. However, it also depends upon the company's policy.
Hope this helps you.
From India, Bangalore
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx