Hi Everyone,
I want to know that one of my employee has 13 LPA(1 LPA variable pay) salary Package and i am doing his salary break. So do we calculate basic pay(30%) in 13 LPA or 12 LPA(after deducting variable pay).
It will be great Help if anyone answer my question.
From India, Hyderabad
I want to know that one of my employee has 13 LPA(1 LPA variable pay) salary Package and i am doing his salary break. So do we calculate basic pay(30%) in 13 LPA or 12 LPA(after deducting variable pay).
It will be great Help if anyone answer my question.
From India, Hyderabad
Dear Concern,
If you are saying that you are giving a fixed salary of Rs12LPA + Rs. 1LPA as Variable pay, the salary breakup should be done for only fixed salary salary, it means that Basic should be calculated on 12LPA.
Hope your concerns were clarified.
Kindly let me know if any further information required.
Regards,
Hareesh K - HR
From India, Hyderabad
If you are saying that you are giving a fixed salary of Rs12LPA + Rs. 1LPA as Variable pay, the salary breakup should be done for only fixed salary salary, it means that Basic should be calculated on 12LPA.
Hope your concerns were clarified.
Kindly let me know if any further information required.
Regards,
Hareesh K - HR
From India, Hyderabad
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Typical salary breakup.jpg
Salary breakup.xls
Salary Breakup Annexure.doc