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.
Read moreWhat is Max basic salary in India?
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.
Read moreWhat is the lowest base salary?
The federal minimum wage for covered nonexempt employees is $7.25 per hour . Many states also have minimum wage laws. In cases where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.
Read moreWhat is the minimum basic salary in UAE?
For expatriates, there is no mandatory minimum wage . For UAE nationals, the minimum wage is determined by the level of education: No high school certificate- 3,000 AED. High school certificate- 4,000 AED.
Read moreWhat is the minimum wage in the Philippines?
RelatedLastUnitMinimum Wages537.00PHP/dayPhilippines Daily Minimum Wages – 2022 Forecast – 1989-2020 Historical tradingeconomics.com › philippines › minimum-wages
Read moreWhat is the minimum basic salary in India?
Minimum Wages in India is expected to reach 178.00 INR/Day by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the India National Floor Level Minimum Wage is projected to trend around 190.00 INR/Day in 2022, according to our econometric models.
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