No Tags Found!

Hi!
Can we bifurcate minimum wage i.e Basic +HRA+ Con.and PF is deducted only on Basic????????????
We need your suggestions for the same. your prompt reply in this regard will be highly solicited.............................
Thanks & Regards
Vijay Yadav
9899989605

From India, Gurgaon
HI Vijay Minimum Wage can be bifurcated as Basic+VDA. But the PF deduction has to be there on the Total of Basic+VDA with 12%. Regards
From India, Gurgaon
Dear VIJAY, PF duduct on BASIC+DA, with employees:12% & employers:12%. Minimum Wages can only bifurcated as Basic & D.A. With Regards, Vineet.
From India, Yavatmal
Yes it can be bifurcated there is recent judgment dated 7th Feb on the same issue by Punjab & Haryana High Court, which clear this point. search on forum to right side, centrainly you will find the judgment.

it not a notification but its judgment passed by Hon’ble Punjab & Haryana High Court.

Dear Vijay, If you are paying consolidated salary then the basic + DA should not cross more than 60%, on the 60% amount PF 12% can be deducted. regards
From India, Hyderabad
Here is the copy Sethupathy, Excellent HR Services, ERODE.
From India, Selam
Attached Files (Download Requires Membership)
File Type: pdf PF Judgement on Min Wages.pdf (64.7 KB, 1123 views)

Is there any Act or Law where its clearly mentioning that Min wage cant be bifurcated or its consist only BASIC + DA? Please provide me some supporting if you have.
From India, Calcutta
Does this also mention anywhere that how much should be the basic salary? is there a set formula to fix basic salary as per Law?
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.