High Basic Salary: Is It Good or Bad?

High basic salary is beneficial for some individuals and not so much for others. People with incomes under the 10-20% bracket can benefit from a high basic pay as they can build on their retirement savings. However, those with incomes under the 30% slab may benefit more from tax-saving allowances.

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    Comments

    1. comment-author
      Himani

      I am so happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best article.

      1. comment-author
        Shalini L

        Thanks a bunch Himani. We’re happy that our blog helped you. You can subscribe to our newsletter to get curated content directly to your inbox.

    2. comment-author
      #NB

      What if your new job provides you lesser basic pay than previous job, provide extra in other allowances, and there is no tax slab as per income.

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