Dear Friends Please find the Payment of Wages Act. Hope this will be useful for us. Happy readings With warm regards S. Bhaskar
From India, Kumbakonam
1166From India, Kumbakonam
I have placed a new thread Labour Law Basics which is the synopsis of all the Acts. It is really further easy and important sections are compressed. Make use of it.
From India, Kumbakonam
From India, Kumbakonam
I want expert advice on the folloing querry:
X Employee is getting Salary as under for example:
Basic 37625
Allownces
Petrol 9622
Car Allow 7500
Car Maince 1500
Medical 3760
Spl. Allow 5000
PF Cont. 4515
Gratuity 1567
LTA 3135
Misc 1000
In total CTC works out ot be Rs.9.02 Lacs on the above basis and the Company wants to give HRA as well as Bonus to the extent of 40% of the basic and bonus to extent of 2000.00 PM fixed.
The Company says that Special Allowance will be withdrawn and Car petrol will be considered to the extent of actual usage which tot he extent of Rs.6000 to Rs.7000 PM for calculating the new CTC. My question is how they can withdraw the special allowance being given to the employee over the years and petrol expenses on actual usage basis instead of the entitilement of the employee. Under this arrangement the increase will be to the extent of Rs.1.04 Lacs against the promised increase of Rs.2 Lacs because of non consideration of actual entitlement and withdrawal of special allowance.
Regrds,
Jaspal Anand
From India, Chandigarh
X Employee is getting Salary as under for example:
Basic 37625
Allownces
Petrol 9622
Car Allow 7500
Car Maince 1500
Medical 3760
Spl. Allow 5000
PF Cont. 4515
Gratuity 1567
LTA 3135
Misc 1000
In total CTC works out ot be Rs.9.02 Lacs on the above basis and the Company wants to give HRA as well as Bonus to the extent of 40% of the basic and bonus to extent of 2000.00 PM fixed.
The Company says that Special Allowance will be withdrawn and Car petrol will be considered to the extent of actual usage which tot he extent of Rs.6000 to Rs.7000 PM for calculating the new CTC. My question is how they can withdraw the special allowance being given to the employee over the years and petrol expenses on actual usage basis instead of the entitilement of the employee. Under this arrangement the increase will be to the extent of Rs.1.04 Lacs against the promised increase of Rs.2 Lacs because of non consideration of actual entitlement and withdrawal of special allowance.
Regrds,
Jaspal Anand
From India, Chandigarh
Dear Mr. Jaspal Anand
Company has the right to withdraw any benefits and special allowances given to its employees. They cannot reduce your Basic Salary or DA. But other allowances can be curtailed, withdrawn, reduced or enhanced at the discretion of Management and the financial conditions of the company
From India, Kumbakonam
Company has the right to withdraw any benefits and special allowances given to its employees. They cannot reduce your Basic Salary or DA. But other allowances can be curtailed, withdrawn, reduced or enhanced at the discretion of Management and the financial conditions of the company
From India, Kumbakonam
I have received a letter from Chief Labour Commissioner New Delhi addressed to Adl. Labour commissioners for payment of wages through bank accounts to employees.
From India, Chandigarh
From India, Chandigarh
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PAYMENT OF WAGES ACT 2009.doc