Basic salary is the fixed salary, invariable, minimum wages, mandatory pay, fixed by the company to pay the employees. As per the legislative fixation, 30% to 60% of your salary shall be your basic pay, i.e., not less than 30% of your gross pay or take home salary ans not more than 60%, shall be basic pay.i,,,,,,,,,,,,,,,,,,, I am working in manufacturing company. The company salary policy is basic 40% of gross, hra 24% of gross, ca 18% of gross & ma 18% of gross.
Development of the banknote began in the Tang Dynasty during the 7th century, with local issues of paper currency, although true paper money did not appear until the 11th century, during the Song Dynasty.
Swedes are the other group of people who invented paper money, at least in the European continent. Their adoption of the use of paper money may be hundreds of years behind the Chineseâ but their official use of paper currency led to their widespread use in the Western world.