New employee joined a salary of 17000. Can we show Basic + DA = 15001 and HRA = 1999, total = 17000 as breakup. Is such a breakup of salary allowed?
The employee is a fresher and since he is above the PF bracket, the firm decided to just give him ESI. Is everything correct or should there be any amendments?
From India, Bengaluru
It is okay as it complies with the ratio of apportionment of basic component in the wage structure as per the definition of wages u/s 2 (y) of the Code on Wages,2019 likely to be effective from April 01,2021.
From India, Salem
You can not deduct EIS for anyone whose salary is above ₹ 21,000
From India, Mumbai
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.