(Querist) 15 March 2008
This query is : Resolved
I am not sure whether my query falls within the purview of Taxation.
My query is:
Is there any statutory limit to fix Basic Salary or in other words is there any percentage fixed to decide the basic salary.
Can an employer fix any amount for Basic (as Low as possible)
Is DA compolsary to be mentioned in the salary structure.
(Expert) 19 March 2008
There is no statutory limit as such. Salary structure is to be fixed based on contract between employer and employee.
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