Hai all, Requesting a query regarding basic salary calculation. Is it a rule that 40% or 50% of gross pay is basic salary?. Kindly clarify , if any one can help me.
From India, Kannur
From India, Kannur
Hi
There is no any rule as such as basic is 40% or 50%. It is calculated as 40% or 50% & rest is paid as other allowances just to reduce the Income tax to Employee & to reduce the overheads by the employer
From India, Bangalore
604There is no any rule as such as basic is 40% or 50%. It is calculated as 40% or 50% & rest is paid as other allowances just to reduce the Income tax to Employee & to reduce the overheads by the employer
From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc