Dear All, can any one provide the notification which says that minimum wages is equal to basic salary if we make ctc for any contractual employees. regards Saurabh
From India, Mumbai
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2From India, Mumbai
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Please review the attached copy of the judgment. It is clearly mentioned that PF deduction should be based on the minimum basic salary. Therefore, it is necessary to maintain the basic salary or basic salary + DA (if applicable) at least at the minimum wage rate as prescribed by the respective state government.
From India, Delhi
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From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Minimum wages- Basic.pdf