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BASIC SALARY-new rule

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(Querist)
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???????????????
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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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Ritu

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Ritu (Querist)
04 September 2021 Ok Sir.....Thank you so much for your reply.
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