Manjunath Harijan (22 Points)
12 April 2019Hii Sir, 17000-400-18600-450-20400-500-22400-550-24600-600-27000-
650-28950
pls explain it... I'm a student and our sir told us to make it clear...
prasad Nilugal
(3914 Points)
Replied 12 April 2019
Jitesh Sinha
(other)
(280 Points)
Replied 12 April 2019
This indicates the person starts with a Basic Salary of 17,000/- pm and gets 400 as increment every year until he reaches 18600 as Basic Salary. (17000/17400/17800/18200/18600)
After 5 years the increment in basic salary is 450/- each year... till it reaches 20400/-
Similarly after ten year the increment will be 500/- each year till it reaches 22400/-
& so.... on....
Dearness Allowance (DA) and other allowances such as PF, HRA etc. are added to the basic salary.
CAclubindia
