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Basic Salary

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(Querist)
08 November 2008 Dear All,

What is the maximum Basic Salary I can fix for my employees as a percentage of Gross Salary. One of my Bosses is paid Rs.100,000 every month. Out of this what should be the break up of Basic, HRA, etc.
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Ajith Kumar

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Ajith Kumar (Expert)
08 November 2008 It is purely based on the policy of the company.There is no law which prescribes this. Company can give breakup to goive maximum tax advantage to the employees.
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indira

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indira (Querist)
08 November 2008 Thank you
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
08 November 2008 You can make comparison with industry in your area
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