No Tags Found!

VikrantBHPL
Good Evening All
"the range for basic will be anywhere between 30 to 50%, Reason why it make sense to keep it at 50 vs 30, is that minimum wage is based on the basic rather than the gross. So as minimum wage increases, you do not want to be forced into increasing the overall wages for lower income employees, the higher the basic, the higher the buffer, in addition, for employees who fall into tax bracket, the HRA tax exemption will be lowered if the basic is lowered, this by having a higher basic, their tax savings also increase."
Above message received from one guy, i just want to confirmed that is it true? any suggestions????

From India, Mumbai
Shrikant_pra
264

Message is very confusing. Forget about it. Ask your query here.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.