Hi all,
Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,
From India, Bangalore
4Can anybody guide me that whether there is a govt. guideline under Karnataka Shops and Commercial Establishments Act for minimum basic salary? Here I am not talking about minimum wages. The question is for minimum basic salary for employees.
What % of total salary shall be given as Basic salary?
Is there any rule which says that minimum basic should be 50% of the total / gross salary?
Thanks,
From India, Bangalore
Please refer to Minimum Wages comprising of basic & VDA applicable to Shops & Commercial establishments in karnataka based on category of Employees.The Salary mentioned therein should be adhered to.Fixation of Salary does not come under the purview of Shops & Commercial Establsihments Act.
From India, New Delhi
From India, New Delhi
Dear Srinath Sai Ram, In my opinion basic salary should be 60% of total wages and 20% HRA balance other allowances..... K.Jayaraman
From India, Karaikal
From India, Karaikal
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Minimum wages- Basic.pdf