New Salary Structure - PF & ESI - clarification on the other allowances such as Attendance Bonus, Night Shift Allowance, Overtime wages etc? - CiteHR
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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 by fixing 61%, 35% and 4% respectively.
We need clarification on the other allowances such as Attendance Bonus, Night Shift Allowance, Overtime wages etc. in view of PF / ESI amendments / judgments.
Regards,
Krishna Kumar
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