sir
my brother is working in an IT company .His basic salary is only 35% of his gross pay.
Is there any law in india which mandates that specific percentage of gross salary must form part of basic pay ?
Menu
Basic Pay limit
Replies (1)
Basic is either 50% or 60% of the Gross salary and depends if you want to escape from PF liability.. and rest of the entitlements are calculated accordingly.. minus allowable exemptions such as HRA, LTA, conveyance allowance etc. for more information.. please refer.. https://www.bemoneyaware.com/blog/salary/
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
