How much is the minimum basic salary of the gross salary in Karnataka?
From India, Bengaluru
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From India, Bengaluru
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Basic salary means the total emolument agreed to be paid for the services of an employee. Anything over and above which is paid to compensate certain costs on account of the employee's stay in the locality for the purpose of employment are allowances. House rent allowance and traveling allowance are compensatory allowances. There are certain amounts that will accrue under specific conditions, such as incentives and overtime allowance, which are also outside the scope of basic wages. In short, there is no specific percentage for basic wages based on the gross salary.
From India, Kannur
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4483From India, Kannur
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Minimum salary depends on various factors such as sector, qualification, skill category, etc. You can get an idea from the official website: https://karmikaspandana.karnataka.gov.in/info-4/Minimum+Wages+Notification/Minimum+Wages+rates+for+the+Year+2023-24/en
Amitabh
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From India, Delhi
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Amitabh
Digital Marketing Manager
https://www.TaxwithEase.com/ca-in-rohini
From India, Delhi
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Gross Salary(1).xls