Can someone please shed some light on what the minimum and maximum percentage for Basic Salary are? Can separate percentages of Basic Salary be used for different categories of employees in the same company?
Thank you.
From India, Kolkata
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Thank you.
From India, Kolkata
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Hi,
There are no standard norms or percentages to fix the basic salary. It can be determined based on the designations and the minimum wages that are supposed to be paid to the specific category of workers as per the regulations in force.
You can establish a standard percentage (e.g., 40% or 50%) from the CTC or Gross salary to ensure that the basic salary aligns with the aforementioned criteria.
From India, Chennai
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185There are no standard norms or percentages to fix the basic salary. It can be determined based on the designations and the minimum wages that are supposed to be paid to the specific category of workers as per the regulations in force.
You can establish a standard percentage (e.g., 40% or 50%) from the CTC or Gross salary to ensure that the basic salary aligns with the aforementioned criteria.
From India, Chennai
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