Maximum limit of basic pay

268 views 4 replies
User Avatar

3 Points Joined February 2017
please confirm maximum limit of basic pay composition as a % of CTC ?
0 Reply Share Follow
On 11 May 2021 at 23:10 Report
Replies (4)
User Avatar

Chartered Accountant
24588 Points Joined November 2019
It is 40% to 50% of CTC
Reply
On 12 May 2021 at 05:59
User Avatar

3 Points Joined February 2017
Can you please state which act/law highlights the upper limit. it will be really helpful if you can share the reference.
Reply
On 12 May 2021 at 08:39
User Avatar

Chartered Accountant
24588 Points Joined November 2019
According to the Code of Wages, 2019, the basic pay of an employee has to be 50 per cent of the total CTC.
1 Reply
On 12 May 2021 at 10:17
User Avatar

My grammar is 💯 good I
7296 Points Joined March 2019

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

Reply
On 15 May 2021 at 20:52


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading