Can someone please shed some light on what is the minimum & maximum percentage for Basic Salary, and can separate percentages of Basic Salary be used for different categories of employees in the same company?
From India, Kolkata
Acknowledge(0)
Amend(0)
From India, Kolkata
Acknowledge(0)Amend(0)
Hi,
There is no standard norms or percentage to fix up the basic salary. This can be fixed to the designations based on the minimum wages supposed to be paid to the particular category of workers, which is in force...
You can fix up the standard percentage (40 or 50%) from the CTC or Gross salary and ensure that this basic salary is meeting the aforesaid criteria.
From India, Chennai
Acknowledge(0)Amend(0)
201There is no standard norms or percentage to fix up the basic salary. This can be fixed to the designations based on the minimum wages supposed to be paid to the particular category of workers, which is in force...
You can fix up the standard percentage (40 or 50%) from the CTC or Gross salary and ensure that this basic salary is meeting the aforesaid criteria.
From India, Chennai
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.
Creating a Competitive Salary Structure.doc
Salary Structure.zip