I want to know whether any act state about this percentage of 35 to 40% or any judgement provided for minimum basic in case when gross salary of an employee is very high as comparison with minimum wages but basic is low as provided in minimum wages for example
employee1basic Rs2425 + D.A 304 Total 2729
employee2 Basic 1800 + Other Allowance 70% i.e 1260 Total 3260
employee3 Basic 2200 + HRA 60% + Conveyance 40% + other
Reimbursement
my question is that in both 2 & 3 employee case gross salary is more than minimum wages but basic is not as per minimum wages and in 2 & 3 employee case D.A is not mentioned seprately so' Let me know what litigation we have in 2 & 3 employee case as per different labour law
rakesh dubey
From India, Haldwani
employee1basic Rs2425 + D.A 304 Total 2729
employee2 Basic 1800 + Other Allowance 70% i.e 1260 Total 3260
employee3 Basic 2200 + HRA 60% + Conveyance 40% + other
Reimbursement
my question is that in both 2 & 3 employee case gross salary is more than minimum wages but basic is not as per minimum wages and in 2 & 3 employee case D.A is not mentioned seprately so' Let me know what litigation we have in 2 & 3 employee case as per different labour law
rakesh dubey
From India, Haldwani
Hi Based on the company strategies percent of Basic pay in the gross differs. According to the standards basic will be 60% in gross where as all other will depend on Basic. Regards Kiran
Dear All,
I am working with one of Japanese MNC and I am the only HR Person here,Though I am aware of standard component of the Salary(Basic,HRA,Medi,Convy,Spl Allw in view of tax ) and their percentile,but my management asked the questen that,why we(India) are following above stsndard only,they want some published text on it,Pls help......From where I can get it,and show him?
From Japan
I am working with one of Japanese MNC and I am the only HR Person here,Though I am aware of standard component of the Salary(Basic,HRA,Medi,Convy,Spl Allw in view of tax ) and their percentile,but my management asked the questen that,why we(India) are following above stsndard only,they want some published text on it,Pls help......From where I can get it,and show him?
From Japan
Dear Arpana
This below mention is formula for attration rate and as far as basic is concern it is depanding on company polices most of company keep basic percentage is in between the 40 to 65%
Attrition rate: There is no standard formula to calculate the attrition rate of a company. This is because of certain factors as:
Attrition =(No. of employees who left in the year / average employees in the year) x 100
Thus, if the company had 1,000 employees in April 2004, 2,000 in March 2005, and 300 quit in the year, then the average employee strength is 1,500 and attrition is 100 x (300/1500) = 20 percent. Besides this, there are various other types of attrition that should be taken into account.
Thanking you
Pranav Patel
From India, Ahmadabad
This below mention is formula for attration rate and as far as basic is concern it is depanding on company polices most of company keep basic percentage is in between the 40 to 65%
Attrition rate: There is no standard formula to calculate the attrition rate of a company. This is because of certain factors as:
- The employee base changes each month. So if a company has 1,000 employees in April 2004 and 2,000 in March 2005, then they may take their base as 2,000 or as 1,500 (average for the year). If the number of employees who left is 300, then the attrition figure could be 15 percent or 20 percent depending on what base you take.
- Many firms may not include attrition of freshers who leave because of higher studies or within three months of joining.
- In some cases, attrition of poor performers may also not be treated as attrition. Calculating attrition rate:
Attrition =(No. of employees who left in the year / average employees in the year) x 100
Thus, if the company had 1,000 employees in April 2004, 2,000 in March 2005, and 300 quit in the year, then the average employee strength is 1,500 and attrition is 100 x (300/1500) = 20 percent. Besides this, there are various other types of attrition that should be taken into account.
Thanking you
Pranav Patel
From India, Ahmadabad
can any body help me, i wish to know what should be percentage of da comapre to basic salary?
like for example i have put total basic + da = 40% of gross
i wish to put DA also so what should be DA % compare to basic
Regards,
Deepak Uniyal
From India, Bangalore
like for example i have put total basic + da = 40% of gross
i wish to put DA also so what should be DA % compare to basic
Regards,
Deepak Uniyal
From India, Bangalore
most of the company divide the gross salary as: Basic: 45% DA : 15% HRA: 20% CCA : 15% Medical : 5%
From India, Visakhapatnam
From India, Visakhapatnam
Hi Aprana
As per rule basic + DA = minimum wages and if you are paying more than MW then you can go for other components like conveyance + washing allowance, conveyance reimbursement, mobile reimbursement etc...........
From India, Bangalore
5As per rule basic + DA = minimum wages and if you are paying more than MW then you can go for other components like conveyance + washing allowance, conveyance reimbursement, mobile reimbursement etc...........
From India, Bangalore
hiiii everybody...
i have some query regarding the salary cut.. i took 8 days leave in such case my basic salary is cut while HRA, TA is same.
i want to know that in this case basic salary is cut down or not?
From India, Chandigarh
i have some query regarding the salary cut.. i took 8 days leave in such case my basic salary is cut while HRA, TA is same.
i want to know that in this case basic salary is cut down or not?
From India, Chandigarh
Hi, It is clear that except Basic all other components are not linked to attendance. This is your comp & ben policy of your company. Thanks. Regards Hema
From India,
From India,
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SALARY SHEET CALCULATION.xls