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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
1. Basic Salary: This is the most important part of a salary slip as many of the other components are structured around it. In many cases value of basic salary is taken to calculate the taxability of others.Basic salary is 100% taxable.2.. Basic Salary: This is the most important part of a salary slip as many of the other components are structured around it. In many cases value of basic salary is taken to calculate the taxability of others.