Basic Pay

Last post December 24, 2019 10:22 AM by debora. 1 repiles.

September 17, 2009 10:12 AM 1
Total Posts: 19
Join Date: September 10, 2009
Rank: Executive
Post Date: December 24, 2019
Posts: 19
Location: India

Basic Pay

Dear All,

I have recently joined a company. Here what I found is that the Basic of all employee is very less, It's not even 10% of the CTC. Can any body help me out about the details how the pay structure should be. As per my knowledge the basic pay should be 50% of the CTC. Is this correct? Can anybody provide me the link or book name which provides me the legal aspect of Basic Pay.

Thanks in advance

Suraj

June 21, 2010 12:262
nehadj2004@yahoo.com
Total Posts: 16
Join Date: September 10, 2009
Rank: Executive
Post Date: June 21, 2010
Points: 80
Location: India

Re: Basic Pay

Basic Pay in salary break up is 50 % of your Total monthly salary.

Regards

Neha

Asst Manager HR

 

 

 

July 6, 2010 12:393
D.komalalakshmi
Total Posts: 1
Join Date: September 10, 2009
Rank: Beginner
Post Date: July 6, 2010
Points: 5
Location: India

Re: Basic Pay

Lakshmi,

Usually the Basic should  range in between 35% to 50%.Most of the companies try to show their CTC in hike but coming to the take home it is not even half of the CTC. they deploy these strategies to attract the candidates.

As per my knowledge is concerned basic is calculated on gross but not half of the CTC.

Hope this information will suffice your need.

Thanks & Regards,

Lakshmi

Student(M.H.R.M)

July 29, 2010 07:194
kiranvas
Total Posts: 2
Join Date: September 10, 2009
Rank: Beginner
Post Date: July 29, 2010
Points: 10
Location: India

Re: Basic Pay

Hi ALL,


. EPF

 

12% on Basic + Wages + Stipend + Arrears

Condition:        If Basic salary at the Date of joining is above 6,500 then

It is optional to Employee for PF Deduction. Else

If Basic salary at the Date of joining is below 6,500 then

PF Deduction is compulsory

Companies Contribution: 12% on Basic + Wages + Stipend + Arrears

August 10, 2011 12:235
amittrada
Total Posts: 1
Join Date: September 10, 2009
Rank: Beginner
Post Date: August 10, 2011
Points: 5
Location: India

Re: Basic Pay

Basic Pay

with follow law means Basic + VDA = Basic Pay
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