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1. What is the formula for calculating basic salary? Here's how the basic salary gets calculated from parameters like gross pay and allowances: Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)

There is no specific law which defines basic pay but we need to look into Minimum wages while fixing basic pay as the basic pay should be lesser than minimum wages. If you are considering 60% and if the basic pay is lesser than Minimum wages then you should consider minimum wages as basic pay .

GRATUITY SALARY STRUCTUREPARTICULARMONTHLYYEARLYOTHER0.000.00COST TO COMPANY (CTC)TOTAL15000.00180000.0012 more rows

Conclusion. Your CTC includes many components such as Base Salary, HRA, Medical Allowance, Entertainment Allowance, etc. Basic salary is usually 40% to 60% of your total salary. It's the amount an employee receives before any addition or tax deduction.

Here's how the basic salary gets calculated from parameters like gross pay and allowances: Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)

PDF salary in India ranges between ? 0.3 Lakhs to ? 20.4 Lakhs with an average annual salary of ? 5.6 Lakhs.

Indian Railways Commercial Officer salary in India ranges between ? 6.5 Lakhs to ? 11.2 Lakhs with an average annual salary of ? 8.4 Lakhs. Salary estimates are based on 3 Indian Railways latest salaries received from various employees of Indian Railways.

The salary of an AIIMS Technician is quite attractive, which is Pay band-2 (9300-34800) & Grade Pay- 4200. Apart from the salary, the job profile of an AIIMS Technician is also quite inspiring and challenging. The AIIMS Technician is responsible for the upkeep of medical equipment and diagnostic machinery.