Dear Seniors ,
* I would like to know that what is the relation between minimum wage and % of minimum basic wage . please let me know also that how minimum wage (which is upgraded from time to time) changes the minimum % of basic salary ?
*As per my knowledge basic salary may lie between 40 - 60 % , is there any law which defines the percentage of minimum or maximum basic salary in india.
Thanks in advance!!!!!!!!
* I would like to know that what is the relation between minimum wage and % of minimum basic wage . please let me know also that how minimum wage (which is upgraded from time to time) changes the minimum % of basic salary ?
*As per my knowledge basic salary may lie between 40 - 60 % , is there any law which defines the percentage of minimum or maximum basic salary in india.
Thanks in advance!!!!!!!!