Basic salary is the base income of an employee, comprising of 35-50 % of the total salary . It is a fixed amount that is paid prior to any reductions or increases due to bonus, overtime or allowances. Basic salary is determined based on the designation of the employee and the industry in which he or she works in.
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7th Pay Commission: Maximum basic pay Rs 2.5 lakh ; HRA Rs 60,000. At present, there are as many as 43 lakh central govt employees and 53 lakh pensioners. 7th Pay Commission will increase basic salary of government employees by manifold.
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