1. I request you all please suggest Basic Salary should be as per minimum wages or not?
2. Can we bifurcate Minimum wages?
3. How to bifurcate Gross salary?
4. What is minimum wages applicable in Delhi.
regards,
Narender
From India, Delhi
2. Can we bifurcate Minimum wages?
3. How to bifurcate Gross salary?
4. What is minimum wages applicable in Delhi.
regards,
Narender
From India, Delhi
Hi Narender,
1.Basic salary must be equal or more than minimum wage because we calculate PF, EL and gratuity on Basic salary.
2. Minimum wage bifurcate in only Basic + VDA. If we bifurcate minimum wage ,then all deduction and calculation done on minimum wage.
3.Search in citehr we may get it .
Regards
Manish
From India, Bangalore
111.Basic salary must be equal or more than minimum wage because we calculate PF, EL and gratuity on Basic salary.
2. Minimum wage bifurcate in only Basic + VDA. If we bifurcate minimum wage ,then all deduction and calculation done on minimum wage.
3.Search in citehr we may get it .
Regards
Manish
From India, Bangalore
Base Salary or Gross Salary should be equal to or more than Minimum Wages.
Minimum Wages is declared by the Govt. ( State & Central as required). Hence the same cannot be bifurcated.
Basic salary is apportioned as a percentage of Gross Salary. It is the Gross Salary which is bifurcated.
Bifurcation of Gross Salary is done as a percentage as per each Company's policies
For the Minimum Wages in Delhi please contact the local Labour department.
From India, Delhi
Minimum Wages is declared by the Govt. ( State & Central as required). Hence the same cannot be bifurcated.
Basic salary is apportioned as a percentage of Gross Salary. It is the Gross Salary which is bifurcated.
Bifurcation of Gross Salary is done as a percentage as per each Company's policies
For the Minimum Wages in Delhi please contact the local Labour department.
From India, Delhi
Dear Narender,
1. As per Minimum Wages Act, the definition of wages includes all remuneration capable of being expressed in terms of money, as per terms of employment, & includes HRA ( House Rent Allowance ).
2. However, as per definition of wages in the Employees Provident Fund & Misc Act, the definition of wages excludes HRA, Washing Allowance & Conveyance Allce.
3. Therefore, for the purposes of Provident Fund etc., some employers are bifurcating minimum wages into Basic, HRA, Washing Allce & conveyance Allce. Punjab & Haryana High Court has upheld the decision. ( Group 4 Securities vs Astt Provident Fund Commissioner, Gurgaon ).
4. The matter is pending before the Supreme court whether minimum wages should be considered as basis wage & whether any bifurcation should be allowed. Pending the decision, many employers are bifurcating minimum wages as given in para 3 above.
5. Minimum wage for unskilled labour in Delhi is : Rs 13584/-. Rest categories, please refer to latest Delhi Govt. notification.
Regards
Anil Raina
Mob: 9810180148
From India, Delhi
1. As per Minimum Wages Act, the definition of wages includes all remuneration capable of being expressed in terms of money, as per terms of employment, & includes HRA ( House Rent Allowance ).
2. However, as per definition of wages in the Employees Provident Fund & Misc Act, the definition of wages excludes HRA, Washing Allowance & Conveyance Allce.
3. Therefore, for the purposes of Provident Fund etc., some employers are bifurcating minimum wages into Basic, HRA, Washing Allce & conveyance Allce. Punjab & Haryana High Court has upheld the decision. ( Group 4 Securities vs Astt Provident Fund Commissioner, Gurgaon ).
4. The matter is pending before the Supreme court whether minimum wages should be considered as basis wage & whether any bifurcation should be allowed. Pending the decision, many employers are bifurcating minimum wages as given in para 3 above.
5. Minimum wage for unskilled labour in Delhi is : Rs 13584/-. Rest categories, please refer to latest Delhi Govt. notification.
Regards
Anil Raina
Mob: 9810180148
From India, Delhi
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Salary-Note.doc
SALARY SHEET CALCULATION.xls