Examples of Basic Salary in a sentence
Voluntary Provident Fund: The associate, if wishes, may request for additional PF contribution minimum if 12% & maximum of 20% of Basic salary by way of deduction through payroll.
For every associate, the organization contributes 4.81% of the Basic salary towards the Gratuity fund.All associates who have completed minimum 5 years of continuous service with the organization are entitled for Gratuity.
Upon the commencement of your employment, 12% of your Basic salary will be contributed by the Company towards the Provident Fund scheme.
The Group/Company's contribution is 12% and 10% of each employee's Basic salary, Transport & Housing Allowances for non-management and management employees respectively.
Leave Travel Assistance: Once in a year free air passage , for self and family, subject to ceiling of one month’s Basic salary (Rs. 1,00,000/-) per annum.