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Rishabh Kapoor   11 May 2021

Maximum limit of basic pay

please confirm maximum limit of basic pay composition as a % of CTC ?


 4 Replies

Sourav

Sourav (Student)     12 May 2021

It is 40% to 50% of CTC
Rishabh Kapoor

Rishabh Kapoor   12 May 2021

Can you please state which act/law highlights the upper limit. it will be really helpful if you can share the reference.
Sourav

Sourav (Student)     12 May 2021

According to the Code of Wages, 2019, the basic pay of an employee has to be 50 per cent of the total CTC.
1 Like
yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     15 May 2021

Highest basic pay is the above and highest gross pay is 5%, 11% & sometimes 200% of net profits under section 198 of companies act.


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