what is Minimum basic for Salary ... In gujrat. ??? How much % calculated from CTC Regards, Mittal Patel
From India, Ahmadabad
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1From India, Ahmadabad
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Dear Mittal,
It is practice to fix basic at 40% to 60% based on location and other factors, with the rest of the salary being distributed as different allowances according to company policy. The key consideration is to set the basic + DA in a way that reflects and aligns with the minimum wages prevailing in your state/industry for the given period. This point should be kept in mind when framing the CTC.
The main benefit of keeping the basic above the minimum wage is the increased contribution to PF from both the employee and employer sides.
I hope this is clear, and please feel free to ask any further queries.
Thanks & Regards
From India, Mumbai
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It is practice to fix basic at 40% to 60% based on location and other factors, with the rest of the salary being distributed as different allowances according to company policy. The key consideration is to set the basic + DA in a way that reflects and aligns with the minimum wages prevailing in your state/industry for the given period. This point should be kept in mind when framing the CTC.
The main benefit of keeping the basic above the minimum wage is the increased contribution to PF from both the employee and employer sides.
I hope this is clear, and please feel free to ask any further queries.
Thanks & Regards
From India, Mumbai
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Dear Mittal,
Good afternoon!
Your question has multiple answers. In order to help us better, please provide details. For example, does your organization belong to shops and establishments or is it registered under the Factories Act? What kind of industry are you in? Where is your location?
I am an HR professional from Gujarat as well. We will be able to assist you better only if we have the correct information. Please share detailed information. You can inform us here, send a message in the inbox, email, or call. Here at Cite HR, we try to help each other as much as possible.
Regards,
Sagar Gulani
9974646108
From India, Surat
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Good afternoon!
Your question has multiple answers. In order to help us better, please provide details. For example, does your organization belong to shops and establishments or is it registered under the Factories Act? What kind of industry are you in? Where is your location?
I am an HR professional from Gujarat as well. We will be able to assist you better only if we have the correct information. Please share detailed information. You can inform us here, send a message in the inbox, email, or call. Here at Cite HR, we try to help each other as much as possible.
Regards,
Sagar Gulani
9974646108
From India, Surat
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
SALARY SHEET CALCULATION.xls
Salary calculation.doc