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
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
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
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Egazette HIV AIDS Rule 2018 eng.pdf
Emergence of Labour Law.doc