Non taxable salary heads / incometax rebate Hi everyone I need to do salary restructuring and introduce non taxable salary heads can anyone suggest me to introduce such heads which will help in salary restructuring from tax benefit pt. of[..] 11 Replies
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Centre heads in industry Resp. Seniors Could you please differentiate between : 1 Cost Centre Heads 2 Profit Centre Head 3 Loss Centre Head 4 Whats the need to form various centre heads 5 In which[..] 2 Replies
Contact details of hr heads hello frns i want the email address of the HR heads of top 25 FMCG companies of india. can anyone help me out its an assignment for me 1 Replies
Decrease in pf but increase in take home salary Dear let us say a company does a revision of the entire salary structure wherein adding allowances & reimbursement heads. this maintains the CTC increases the Cash in Hand but the amount[..] 26 Replies
If the basic is reduces and bifurcated under different headings of those employees, those who are already getting basic less than Rs.6500/-pm.
What would be the effects under PF, Bonus, & Gratuity Act?, May this type of salary restructuring create any legal issue?
You cannot reduce wages or salary specially basic. please read Provident Fund & Miscesllenous Provisions Act adn ESIC Act and also refer this matter to legal opinion from the legal expert for highlighting many judgements on this subject null and void such practices by supereme court of India.
Don't be over enthusitic this will backfire on you or your boss who is cultivating illegal kitchen cookie idea without any legal reference.
May this type of salary restructuring create any legal issue?
