Hi,,,,,,,,,,,,,,,,,,,
I am working in manufacturing company. The company salary policy is basic 40% of gross, hra 24% of gross, ca 18% of gross & ma 18% of gross. company calculating pf deduction on basic (40% of gross), but for bonus calculation compny consider basic wages is (basic+ca+ma). My query is which basic should consider as a basic salary as per act.? Is there any allowances included in basic salary? Pls give me evidence or reference for basic salary definition. Pls. clear my query.
Thanks
Regards,
Ramesh Jadhav
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