Can someone tell me if there is any law / rule on fixation of basic salary - what %age of someone’s gross salary should form the basic pay.
From India, Delhi
From India, Delhi
Hi, With reference to your above query, actually basic amount varies according to present minimum wages, usually you can consider 30% to 55% as basic amount.
From India, Bangalore
From India, Bangalore
Hi,
Hope you are doing good,
Mostly basic fixation varies from company to company,mostly 30-50% is calculated on gross salary.
Components like ypu can add according to your company
Basic
DA
HRA
CONVEYANCE ALLOWANCE-FIXED(800)
MEDICAL REIMBRUSEMENT-FIXED(1250)
EDUCATION ALLOWANCE
FOOD COUPON (BASED ON COMPANY NORMS)
SPECIAL ALLOWANCE
Regards,
Sailakshmi
From India, Hyderabad
3Hope you are doing good,
Mostly basic fixation varies from company to company,mostly 30-50% is calculated on gross salary.
Components like ypu can add according to your company
Basic
DA
HRA
CONVEYANCE ALLOWANCE-FIXED(800)
MEDICAL REIMBRUSEMENT-FIXED(1250)
EDUCATION ALLOWANCE
FOOD COUPON (BASED ON COMPANY NORMS)
SPECIAL ALLOWANCE
Regards,
Sailakshmi
From India, Hyderabad
Thanks a ton Nagesh and sailakshmi... but i still have doubt. Mine asking this question was related to one of our outsource agency. They are giving approx. 15K salary to their employees and bifurcation of salary shows 1K rupees as basic salary which somehow i feel this is wrong but I dont have any substantial proof to ask him that you should pay minimum 30% or 50% of gross as basic.
From India, Delhi
From India, Delhi
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