1

Basic Pay 50% Rule Explained for Employees

News Discuss 
The Basic Pay 50% Rule means that at least half of an employee’s total salary package should consist of basic pay and fixed components. This rule ensures fair wage distribution and prevents employers from lowering statutory contributions by shifting salary into allowances. It directly affects provident fund, gratuity, and leave encashment calculations. By increasing the basic salary p... https://savvyhrms.com/basic-pay-50-rule-explained/

Comments

    No HTML

    HTML is disabled


Who Upvoted this Story