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.
By the 15th century even China had more or less given up paper money. Over this period, paper notes were issued irresponsibly, to the point that their value rapidly depreciated and inflation soared. Then beginning in 1455, the use of paper money in China disappeared for several hundred years.This was still many years before paper currency would reappear in Europe, and three centuries before it was considered common.ron banks sprang up to facilitate the trade, and the government was quick to take over the profitable enterprise. Amazingly, the Chinese only used paper money on any meaningful scale for about 300 years of a 400 year period between 1050 and 1450, overlapping the Song, Yuan (Mongol), and Ming dynasties.