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.
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.
CAclubindia
