Dear All
I am working with a company as HR Exe.
As i am in the same line since last 4 years. I have a doubt that can be bifurcate minimum wages into 2 or 3 allowances as per company salary structure i.e,
Minimum Wages in Chandigarh Rs. 3550/-.
After Bifurcation
Basic = 1775/-
HRA = 888/-
Con. = 888/-
Total = 3551/-
As per EPF Act (Basic + DA)
I have searched so many books but result till nil. If you have any notification or judgment then pls forward to me or suggest me but will be the right in this case.
I have also worked with Consultant and audited so many companies and they are also bifurcating the minimum wages. Even in a case when i was handling the EPF inspection i have asked to the inspector that if they have in written that we cannot bifurcate minimum wages then pls show to us. But after some time the topic is closed so now i want to know from all of the members of this site.
Amit
HR Exe
I am working with a company as HR Exe.
As i am in the same line since last 4 years. I have a doubt that can be bifurcate minimum wages into 2 or 3 allowances as per company salary structure i.e,
Minimum Wages in Chandigarh Rs. 3550/-.
After Bifurcation
Basic = 1775/-
HRA = 888/-
Con. = 888/-
Total = 3551/-
As per EPF Act (Basic + DA)
I have searched so many books but result till nil. If you have any notification or judgment then pls forward to me or suggest me but will be the right in this case.
I have also worked with Consultant and audited so many companies and they are also bifurcating the minimum wages. Even in a case when i was handling the EPF inspection i have asked to the inspector that if they have in written that we cannot bifurcate minimum wages then pls show to us. But after some time the topic is closed so now i want to know from all of the members of this site.
Amit
HR Exe