Hi,
Looking at the basic pay structure my friend said that Basic pay should be 70% of the salary. Right now i have allotted 50% of the Gross Salary as Basic Pay. Is there any law or case which guides us on this issue ?
Warm Regards,
Ranjeet
A1bs
From India, Madras
Looking at the basic pay structure my friend said that Basic pay should be 70% of the salary. Right now i have allotted 50% of the Gross Salary as Basic Pay. Is there any law or case which guides us on this issue ?
Warm Regards,
Ranjeet
A1bs
From India, Madras
Its not rule like only this much percentage has to be calculated. Basically it varies from 40 to 50% of gross salary...
From India, Bangalore
From India, Bangalore
Hi...Do u think employer can fix basic salary amount to anything they want to? one of my friend's ctc is 25000 and basic salary is only 1300 rs... is it possible? is there any rule regarding minimum basic amount?
From India
From India
Basic salary should be just more than minimum basic wages prevalent, but usually as a convention its 35% to 50 % varying with company policies.
From India, Delhi
8From India, Delhi
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