Hello Friends, My query is: Is increment calculated on employees Gross Salary or on base salary? Is there any law with regard to calculation of annual increment? Thanks for the help! Thanks, Aparna
From India, Delhi
From India, Delhi
Dear Aparna,
Generally these days persons use to calculated it neither on basic or gross but on CTC.. that how much changes is been done in one's CTC structure..
As far as i know, there is no any legal boundary been justified to follow the same process..
Regards,
Amit Seth.
From India, Ahmadabad
494Generally these days persons use to calculated it neither on basic or gross but on CTC.. that how much changes is been done in one's CTC structure..
As far as i know, there is no any legal boundary been justified to follow the same process..
Regards,
Amit Seth.
From India, Ahmadabad
There is no law for increments.
We do it on basis of CTC i.e. 12 % of CTC, 15 % of CTC, 20 % of CTC, etc. In such cases there is an existing bifurcation formulas to allocate increments in basic, allowances, reimbursements. etc.
I have seen that in unionised sector, increments are calculated based on mutually agreed ratios.
HOpe this helps you.
- Hiten
From India, New Delhi
We do it on basis of CTC i.e. 12 % of CTC, 15 % of CTC, 20 % of CTC, etc. In such cases there is an existing bifurcation formulas to allocate increments in basic, allowances, reimbursements. etc.
I have seen that in unionised sector, increments are calculated based on mutually agreed ratios.
HOpe this helps you.
- Hiten
From India, New Delhi
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...uery=Increment
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...uery=Increment
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
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