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Dear HR fraternity,
Due to amendments / judgments on wage components, we wish to restructure the wage structure to get benefit from PF & ESI exemption, which are as follows:
Wage / Salary Components
---------------------------------
Basic
HRA
Washing Allowance (Max-1000)
We propose to restructure the total gross salary into the above three components only by fixing 65%, 38% and 2% respectively.
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