Dear Friends,
Plz share your views on what kind of salary slabs/ grades are followed in food chains.
If an employee is given a minimum wage of Rs. 3400/- (for Delhi, unskilled), what could be the possible break up of salary on appointment letter.
Quick response will be appreciated.
Thanks & Regards,
Sashmita
From India, Delhi
7Plz share your views on what kind of salary slabs/ grades are followed in food chains.
If an employee is given a minimum wage of Rs. 3400/- (for Delhi, unskilled), what could be the possible break up of salary on appointment letter.
Quick response will be appreciated.
Thanks & Regards,
Sashmita
From India, Delhi
Dear Sashmita,
Myself Amit Seth basically from Lucknow but presently in Ahmedabad. I did my project training from Pizza Hut Delhi. Please find below the details of the same-
Basic 800
HRA 480
TA 800
Other allowance 1320
Gross PM 3400
Kindly revert whether its applicable or not....?????
Regards,
Amit Seth.
From India, Ahmadabad
Myself Amit Seth basically from Lucknow but presently in Ahmedabad. I did my project training from Pizza Hut Delhi. Please find below the details of the same-
Basic 800
HRA 480
TA 800
Other allowance 1320
Gross PM 3400
Kindly revert whether its applicable or not....?????
Regards,
Amit Seth.
From India, Ahmadabad
Dear Amit,
As per the law the minimum wage is equal to basic and special allow., then accordingly how can that be legaly correct.
And if your findings are true, is that justifiable ?
Your comments plz.
Sashmita
From India, Delhi
As per the law the minimum wage is equal to basic and special allow., then accordingly how can that be legaly correct.
And if your findings are true, is that justifiable ?
Your comments plz.
Sashmita
From India, Delhi
Hi Sasmitha,
You can split the salary in the following
Basic - 2700
HRA (25% of basic) 675
Other allowances 25
Basic salary must not be less than 2700. You can fix basic above this amount..
Regards,
Joylyn
From India, Bangalore
You can split the salary in the following
Basic - 2700
HRA (25% of basic) 675
Other allowances 25
Basic salary must not be less than 2700. You can fix basic above this amount..
Regards,
Joylyn
From India, Bangalore
If you could let me know the SALARY components in your structure, I woyuld send you the one by designing it. Regards, Kiran.
From Netherlands
From Netherlands
Dear Joylyn & Kiran,
Thanks a lot. As I was under the impression that basic wage is always equal to minimum wage and it can not be less than that, but at certain organisation I have seen the basic wage as low as Rs. 1700/-. Could plz confirm under which law & section basic wage can not be less than 2700/-
Kindly suggest the structure for gross of Rs. 3400/-
Basic:
HRA:
CA:
City Compensatory Allow:
Special Allow:
Shift Allow:
Incentive:(if any)
Thanks & Regards,
Sashmita
From India, Delhi
Thanks a lot. As I was under the impression that basic wage is always equal to minimum wage and it can not be less than that, but at certain organisation I have seen the basic wage as low as Rs. 1700/-. Could plz confirm under which law & section basic wage can not be less than 2700/-
Kindly suggest the structure for gross of Rs. 3400/-
Basic:
HRA:
CA:
City Compensatory Allow:
Special Allow:
Shift Allow:
Incentive:(if any)
Thanks & Regards,
Sashmita
From India, Delhi
Dear Sashmita,
As per section 2(h) of the Act-
"Wages" means all remuneration, capable of being expressed in terms of money, which would, if the terms of contract of the employment express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment [and includes house rent allowance], but does not include-
1. the value of-
a. any house accomodation, supply of light, water, medical attendance or
Yes one mistake is there TA doesn't come under wages. That amount you can include in other allowance.
But thanks dear due to your question i just refresh my memories.
Regards,
Amit Seth.
From India, Ahmadabad
As per section 2(h) of the Act-
"Wages" means all remuneration, capable of being expressed in terms of money, which would, if the terms of contract of the employment express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment [and includes house rent allowance], but does not include-
1. the value of-
a. any house accomodation, supply of light, water, medical attendance or
Yes one mistake is there TA doesn't come under wages. That amount you can include in other allowance.
But thanks dear due to your question i just refresh my memories.
Regards,
Amit Seth.
From India, Ahmadabad
Hi Sasmitha You need to check in the Minimum wages Act. You get details for various industries. You can check with your company auditor or legal advisor. Regards, Joylyn
From India, Bangalore
From India, Bangalore
The BASIC here means total inhand salary, but not the actual BASIC salary componenent. Anyhow, I am 90% sure of it, but not 100%. So, please check it. The salary structure would be
CTC 3400
BASIC 1000
HRA 400
CONV. 450
HMA 470
Special All. 461
Shift Allo. 350
PROF. 0
ENT. 0
LTA 0
GROSS 3131
PF 120
ESI 149
CTC 3400
INHAND 2956
Regards,
Kiran.
From Netherlands
CTC 3400
BASIC 1000
HRA 400
CONV. 450
HMA 470
Special All. 461
Shift Allo. 350
PROF. 0
ENT. 0
LTA 0
GROSS 3131
PF 120
ESI 149
CTC 3400
INHAND 2956
Regards,
Kiran.
From Netherlands
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Salary-Note.doc
SALARY SHEET CALCULATION.xls