Basic salary mean like the average pay. Its typically for the basic worker.
Basic and annual salary are the same thing. They are how much a person makes in a year.
BASIC
No salary is pre-tax and net is take home.
Basic salary is the amount a person gets paid before any extras are added in. Extras can be things such as commission, incentives, and/or bonuses.
Lets assume you have HRA as a salary component. So the next step is to calculate the taxation aspect of the HRA Component. In order to do this, you need the following: 1. Your Basic Salary 2. The Actual HRA Component in your Salary 3. The Actual Rental paid every month 4. Whether you live in a Metro or a non-metro Once you have these details, try to calculate the following numbers: 1. If you are in a Metro - take 50% of your Basic salary and if not, take 40% of your Basic Salary 2. The Actual monthly HRA component from your salary 3. The Actual Rent paid - 10% of your Basic Salary Of these 3 figures whichever is the least is your eligible tax deduction against HRA.
Basic pay. Your salary without bonuses, allowances, benefits, commissions, etc. I hope this may help.
Basic and annual salary are the same thing. They are how much a person makes in a year.
None. There is no minimum basic salary. Whatever is the basic salary 12% of it goes towards pf.
3500
If you mean deducting minimum wage, yes it is. It's also illegal..
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
BASIC
Usually it is 12% of your basic salary
12% of the basic salary
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
The basic salary of a civil engineer is around 29,000 dollars. The salary is not taxed in this country so it actually is more than it seems.
basic salary 21967 / salary of September