Hi
I work a retail company in vizag. REcently my company implemented the minimum wages act and increased the salary upto 20%. But the employees are complaining that their take home is reduced drastically that is the increase in their salaries is marginal.
As per minimum wages act
basic 4102
da 538
other allowances 332
gross 4972
net after deducting pf, pt, esi is 4393
Is there any way that i can increase the employees net salary. Can i make changes in his baSIC Please reply at the earliest
thanks
vyjayanthi
I work a retail company in vizag. REcently my company implemented the minimum wages act and increased the salary upto 20%. But the employees are complaining that their take home is reduced drastically that is the increase in their salaries is marginal.
As per minimum wages act
basic 4102
da 538
other allowances 332
gross 4972
net after deducting pf, pt, esi is 4393
Is there any way that i can increase the employees net salary. Can i make changes in his baSIC Please reply at the earliest
thanks
vyjayanthi