I am regular employee of indian oil corp. ltd. My basic pay is reduced after issue of basic pay fixation letter. I have worked in the offciating capacity in the higher pay of ten percent from my existing pay for some time and after due time i got promotion in the same grade.so my earlier pay fixation is done on the increased amount of my ten percent and my real basic. but now, the management have refix my basic on normal basic leaving ten percent.
I would like to know whether basic once fixed can be reduced or not....
From India, Begusarai
I would like to know whether basic once fixed can be reduced or not....
From India, Begusarai
Hi can any body tell me the proceedure of diciding the basic wages? Is there any specific rules for the same?
From India, Calcutta
From India, Calcutta
387
Dear User........
First of all I would like to suggest you to provide your details with your designation & department in which you are working and also the grade pay for the category. your query is really not so clear, anyway whatsoever the management has decided about the basic salary fixation is right as per the laws.
Thanks & Regards.
Prabhat Mishra
(Officer - HR & Administration at Jaihind Projects Limited)
+91-9992005392
Web : Gas Power Plant Projects, Water Supply System, BOT Projects in India
E-mail Id :
From India, Mumbai
First of all I would like to suggest you to provide your details with your designation & department in which you are working and also the grade pay for the category. your query is really not so clear, anyway whatsoever the management has decided about the basic salary fixation is right as per the laws.
Thanks & Regards.
Prabhat Mishra
(Officer - HR & Administration at Jaihind Projects Limited)
+91-9992005392
Web : Gas Power Plant Projects, Water Supply System, BOT Projects in India
E-mail Id :
From India, Mumbai
Hi,
As per existing scenario, Basic is normally 60% of the Basic Salary or 50% of the Basic Salary the reason being that, P.F contribution is done Basic Salary so employee is benefited with maximum contribution and also the Gratuity / Leave encashment is calculated on Basic + DA.
Regarding the Reducing the Basic Pay, Normally Basic Salary will not be reduced unless it is a case or de-promoted/non performance
Regards,
G.B. Mahendra Kumar
Fortune Hub - One Stop solution for Total HR Domain
From India, Bangalore
As per existing scenario, Basic is normally 60% of the Basic Salary or 50% of the Basic Salary the reason being that, P.F contribution is done Basic Salary so employee is benefited with maximum contribution and also the Gratuity / Leave encashment is calculated on Basic + DA.
Regarding the Reducing the Basic Pay, Normally Basic Salary will not be reduced unless it is a case or de-promoted/non performance
Regards,
G.B. Mahendra Kumar
Fortune Hub - One Stop solution for Total HR Domain
From India, Bangalore
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