04 August 2021
Sir/Madam, Is there any rule that the basic salary would be 50% only (and not more than that) of gross salary , if gross salary reached at certain limit???????????????
04 August 2021
It's only allowances caped at 50% and not to the basic salary. The most prominent rule under the new Labour Code is the mandate to cap employee salary allowances at 50 per cent of CTC (cost-to-company). This means the basic salary of an employee has to be at least 50 per cent of CTC
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