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Can an employer reduce the basic and gross salary under epf act
If an employee s basic pay is rs. 70000/ and pf contribution is voluntary after reducing the basic by employer his basic pay is 50000/ . as per epfo act an employer can not reduce basic pay. so kindly tell me an employer can reduce the basic as per epf act. further help to know if employer can reduce the gross salary
Can employer reduce the other component of salary due to increase in basic wages
Can employer reduce the other component of salary to pay the increased basic and da as per minimum wages to make net salary remain same to employee?
Esic is about to reduce employee as well employer contribution
Dear all please find the notification where the esic is on the way to reduce the employee as well as employer contributions. for employee is it 1 and for employer it is 3. the same will be finalized after they have their software updation. anybody having more info regarding this please share.
Fair or unfair labour practices
Dear all can employer reduce gross salary of a working employee. as like esic limit increase up to 21k in this scenario if employee already taking 16k as gross and now he comes under esic should gross will affected ?? 2. is there any law related that employee can not reduce the gross salary to maintain the ctc. 3.like if a contractor workimng for principle employer and principle employer does not want to increase the ctc whether min wage hike is there of esic new limit is there what a contractor do.
Gratuity on reduce salary
After completing 6 years in private stock broking firm the firm decide to reduce the salary to 50 and compulsory reduce the basic salary also on prorata basis...this has happened in last 3 month only. if resigned how the gratuity will be calculated. in case of private bse listed company can employee s salary can be reduced to this extend. the offer letter does not mention anything about all these only disclose the details as 'annexure'. please help.
Salary reducing letter
Hi can anyone provide me draft letter for employee salary reducion ? in the current economy crisis my company has decided to reduce the basic salary by 15 .also please let me know that can we legally reduce the basic salary of a salary ?thanxanurag