Basic Pay Formula Of Gross Salary - Wages Act
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Basic Pay Formula Of Gross Salary - Wages Act

sharma1402 Started The Discussion:

Dear Sir,

We are having graduate skilled employees at Delhi, covered under Delhi Shop & Establishment Act, whose salaries ranges between Rs.6000.00 to Rs.30000.00. As per the minimum wages Act, for graduate Rs.4650.00 should be paid to any skilled graduate. If the company is paying more than minimum wages, what will be the formula for the amount on which deduction of Provident Fund should be made.

dasp06 - Member Since: Jan 2006
Hope the enclosed Excel file serves your purpose. It contains examples for CTC=6,000/- (with due consideration given to min. wages) and for CTC=30,000 pm. Regards, Prashant Das Delhi


Attached FilesProvided by community member dasp06. Join us to learn and grow with your peers.
File Type: xls CTC Example for CiteHR.xls (9.5 KB, 700 views)
ridhi bohra - Member Since: Oct 2009
HI Can you give brak up for 15,000 thousand.. With BASIC,HRA,MEDICAL ALLOWENCES... WITH TDS DEDUCTION

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