Respected Seniors,
I am working in a Engineering organisation in Gujarat. Presently in Gujarat Min. Wages rate has increased tremendously.
My question is that can we split Min wages in to two or three component like
Basic + HRA + CONV so that the net take home salary can be increased. Beacuse all workers who work on a min. wages more concentrate on take home salary than what they are saving from PF, Graduity, Bonus etc.
Please answer me asap so that I can define the structure properly.
Regards,
Aliabbas Saiyed
I am working in a Engineering organisation in Gujarat. Presently in Gujarat Min. Wages rate has increased tremendously.
My question is that can we split Min wages in to two or three component like
Basic + HRA + CONV so that the net take home salary can be increased. Beacuse all workers who work on a min. wages more concentrate on take home salary than what they are saving from PF, Graduity, Bonus etc.
Please answer me asap so that I can define the structure properly.
Regards,
Aliabbas Saiyed