If you are not paying any dearness allowance which will vary according to cost of living index, it is always good if the basic salary is equal to the sum of basic plus DA as per notified minimum wages. Moreover, there should be increase in the basic pay considering the fact that salary means Basic salary and salary is increased to compensate increase in the cost of living and to reward the performance of the employee. You can put the amount above the notified minimum wages under any head. This is the safest way of salary structuring. Remember that there is no legal sanctity for your bifurcation of salary with 30% of the gross salary only on basic salary.
From India, Kannur
4239From India, Kannur
CTC stands for Cost to Company and it is the total remuneration package an employee receives from their employer. It includes salary, bonuses, benefits, and other allowances. As compared to working at a start-up company, CTC is generally much lower. Start-ups are often more willing to offer higher salaries than established companies, as well as more flexible working hours and other perks. However, working at a start-up also comes with more risk, as the company may not be as financially stable and secure as a larger, established company.
From India, Mumbai
From India, Mumbai
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