Basic 50 Percent Of Ctc

Dear Gopalnanda,Your CTC may include many perks peculiar to your organization and the job position as well. But what is important is the gross salary payable at the end of the wage period and its structural components as agreed in the contract of employment. Per...

Request: Please share notification or any gazette copy for Code of Wages 2019\. The basic salary (Basic + DA + RA) should be 50% of Gross Salary or 50% of CTC?Regards,Rajkumar ChandanshiveHR Manager

Thank you, SK Sir. I could not understand the process.As per your advice, if we set B+DA at 42,500/-, all other salary components will remain the same and the gross salary will be 82,560/-. Then there will be a change in PF contribution, and it will be Rs. 5,100...

Dear Gopal Krishna,I have posted several answers explaining the process of fitment. You may go through the same. However, for your better understanding, I am once again explaining the method. As per the definition of Wages under the wage code, the existing remun...

Please read the definition of "Wage" which is the same in all labor codes, and you will get your reply. There is no other notification stating how to calculate basic & DA. In this particular discussion series, I have explained the definition of Wage. Please go t...

There is no reference to CTC in the Code on Wages, but it refers to Gross wages. The data looks alright.

Please clarify whether, as per the Code of Wages 2019, the Basic salary (Basic+DA+RA) should be 50% of Gross Salary or 50% of CTC?Is this salary structure correct according to the Code of Wages 2019? If not, please restructure it as per COW 19\.BASIC + DA = 4006...

There is no reference to CTC or monthly gross wages under the definition of wages as per the wage code. The reference is 50% of all the remuneration calculated under this clause. In (a) to (i) under the exclusion clause, EPF Contribution has to be considered for...