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The question seems to be very vague and no reader would be sure for what purpose it is raised. Gross salary is simply the total salary earned by the employee during the wage period before deductions. As such it can either be a consolidated salary or a total salary comprising of basic salary and different kinds of allowances. If it is simply a consolidated salary, the entire sum would be taken into account for computation of benefits like EPF, bonus,gratuity etc when you show it in any document such as pay roll, salary slip etc., to be maintained statutorily.
From India, Salem
From India, Salem
If your gross salary is as per minimum wage then it’s better to show it as basic or if gross salary is on higher side then you may set basic either 40 to 50% of gross salary. Regards, Manish
From India, Ahmedabad
From India, Ahmedabad
Thanks alot for your prompt answer. Any employee is having gross salary 26000 can we show entire 26000 as basic salary or is it mandatory to split up salary???
From India, Jalalpur
From India, Jalalpur
Also it is so that conveyance and HRA is given to marketing employees and not to others???
From India, Jalalpur
From India, Jalalpur
You can show that's fine, but it's better to split it in different heads because basic salary of 26000 will increase your liability of gratuity, bonus, leave encashment and every thing. You can put basic around 16000 so that PF is not applicable and put rest i HRA, conveyance, etc. so that they also get benefit in taxes.
Regards,
Manish
From India, Ahmedabad
Regards,
Manish
From India, Ahmedabad
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Salary slip final.xls
Salary slip.doc