Dear friends,
I am a little confused about the salary structure of my company. We are paying every employee more than the minimum wages, keeping the basic salary as the minimum wage and the balance amount as other allowances such as HRA and Conveyance. The problem arises when the minimum wages are revised by the State Governments. We do not increase the salary; we only change the components of the salary, for example, from HRA to basic or Conveyance to basic or LTA to basic.
Please, can anyone suggest to me if we are doing something wrong or not?
Thanks,
Ranjit
9818758445
I am a little confused about the salary structure of my company. We are paying every employee more than the minimum wages, keeping the basic salary as the minimum wage and the balance amount as other allowances such as HRA and Conveyance. The problem arises when the minimum wages are revised by the State Governments. We do not increase the salary; we only change the components of the salary, for example, from HRA to basic or Conveyance to basic or LTA to basic.
Please, can anyone suggest to me if we are doing something wrong or not?
Thanks,
Ranjit
9818758445