Hello seniors, I want to know whether the percentage of allowances are calculated from Basic or D.A Thanks Pria
From India, Chennai
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From India, Chennai
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Hello Pria,
As a general rule, the percentage of allowances is calculated from the Basic. Plenty of material related to CTC is already posted in Cite HR. Please type CTC in the FIND INFORMATION box that you see above and then press the RESEARCH button to get the required information for your reference.
V. Raghunathan
From India
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1366As a general rule, the percentage of allowances is calculated from the Basic. Plenty of material related to CTC is already posted in Cite HR. Please type CTC in the FIND INFORMATION box that you see above and then press the RESEARCH button to get the required information for your reference.
V. Raghunathan
From India
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Thank u so much Sir actually I posted wrongly i.e whether it should be calculated from basic or from gross salary.will follow your instruction and see it
From India, Chennai
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From India, Chennai
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allowance is on Basic only and some remained fixed as per decided scale like Professional development allowance.
From India, Ahmadabad
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From India, Ahmadabad
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DA is separate from basic, and in the industry, it is also taken as Consolidated Basic. As mentioned in the Industrial Disputes Act, 1947, DA depends upon the place of posting of an employee. According to the Supreme Court view, all categories of staff receiving the same wages and posted at one place should be given the same scale of DA, regardless of whether they are working as clerks, members, subordinate staff, or factory workmen.
On the basic pay, the scale of pay should be determined after considering the nature of the work done, the capacity of the industry to pay, and other similar factors. Whether the employer is able to make a profit or not has no bearing on the question of proper wages for a workman.
To determine the proper basic wages of a workman, a comparison with the rates prevailing in similar businesses in the locality is useful.
From India, Ahmadabad
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On the basic pay, the scale of pay should be determined after considering the nature of the work done, the capacity of the industry to pay, and other similar factors. Whether the employer is able to make a profit or not has no bearing on the question of proper wages for a workman.
To determine the proper basic wages of a workman, a comparison with the rates prevailing in similar businesses in the locality is useful.
From India, Ahmadabad
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CTC CALCULATION SHEET.xls