what should be salary format for minimum wages salary... should be it take home salary for workers.?
From India, Jamnagar
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2From India, Jamnagar
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Understanding Minimum Wages and Take-Home Salary
Minimum wages do not mean take-home salary. That will be gross wages, and the take-home salary would be after deductions of statutory dues.
Bifurcation and PF Deduction
Up to the minimum wages, bifurcation is not allowed for the purpose of PF deduction. Please refer to the attachment.
Regards,
Jitender
From India, New Delhi
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Minimum wages do not mean take-home salary. That will be gross wages, and the take-home salary would be after deductions of statutory dues.
Bifurcation and PF Deduction
Up to the minimum wages, bifurcation is not allowed for the purpose of PF deduction. Please refer to the attachment.
Regards,
Jitender
From India, New Delhi
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CTC as per Minimum Wages
This would be the CTC as per minimum wages, i.e., ₹6118/-:
- **Monthly Annual Breakdown:**
- **Basic:** ₹6118 ₹73416
- **HRA:** ₹0 ₹0
- **Conveyance:** ₹0 ₹0
- **Special Allowance:** ₹0 ₹0
- **Metro Allowance:** ₹0 ₹0
- **GROSS:** ₹6118 ₹73416
- **ESI:** ₹107 ₹1284.78
- **PF:** ₹734 ₹8809.92
- **Bonus:** ₹510 ₹6115.5528
- **LTA:** ₹0 ₹0
- **Medical:** ₹0 ₹12000
- **Gratuity:** ₹294 ₹3530
- **Superannuation:** ₹0 ₹0
Total Deductions: ₹1645 ₹31740
Total CTC: ₹7763 ₹105156
From India, New Delhi
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This would be the CTC as per minimum wages, i.e., ₹6118/-:
- **Monthly Annual Breakdown:**
- **Basic:** ₹6118 ₹73416
- **HRA:** ₹0 ₹0
- **Conveyance:** ₹0 ₹0
- **Special Allowance:** ₹0 ₹0
- **Metro Allowance:** ₹0 ₹0
- **GROSS:** ₹6118 ₹73416
- **ESI:** ₹107 ₹1284.78
- **PF:** ₹734 ₹8809.92
- **Bonus:** ₹510 ₹6115.5528
- **LTA:** ₹0 ₹0
- **Medical:** ₹0 ₹12000
- **Gratuity:** ₹294 ₹3530
- **Superannuation:** ₹0 ₹0
Total Deductions: ₹1645 ₹31740
Total CTC: ₹7763 ₹105156
From India, New Delhi
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Delhi Minimum Wages w.e.f. 01.10.2015.pdf