ankit singhal (student) (123 Points)
07 June 2010In a Salary Component Basic salary is Fixed or based on the present days?
Suppsoe Mr. X salary is Rs. 25000/- Per Month in which Basic salary is Rs.8000 and he is present 25 days in the month so its salary should be Rs.8000 or approx. Rs.6667?
Can any one suggest me.
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 07 June 2010
basic salary does not mean that Ankit. Rs.6667 approx will only be paid. i.e. Proportionate payment.
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 07 June 2010
How many days Mr X is present in a month . he got it Proportionate salary in a month.
varun gupta
(Senior Accounts Officer)
(89 Points)
Replied 07 June 2010
Ya all of them are correct i.e. based on proprtionat basis
CAclubindia
