How much should be the Basic component in salary

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1

Hi,

How much should be the Basic component in Salary?

For example if Salary is of Rs. 50,000 per month then how much should be the basic?

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Hi Shefali,

Basic component should be 40-50% of the CTC.

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hi shefali
Igenerally it should be 40%to 50 % of the CTC

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4

40%to 50 % of the CTC of Basic.

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5

Hi ,

As per the new salary structure act Basic should be 50% of CTC

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Dear Leya,

Thank you for the response. The 40% to 50% range is based on any rules or law? As I need to put forward this to my management team, I would need more information. Thank you.

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Dear Mr Ranganathan,

Thank you for the response. What I understand is 50% of CTC is as per the New Wage Act. However, our company is from the State of Maharashtra. And Maharashtra State has not yet taken any action on New Wage Act. At least that is what is my understanding. So, still do we have to go for 50% of CTC? Thank you.

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