Dear All,
Is there any law or act prescribes that what is the amount or percentage of total salary or wage is to be Basic wage on which PF is calculated ?
Or
Is there any law or act prescribes that Basic salary should/must be 60% of total CTC ?
Thanks in advance for your support.
Is there any law or act prescribes that what is the amount or percentage of total salary or wage is to be Basic wage on which PF is calculated ?
Or
Is there any law or act prescribes that Basic salary should/must be 60% of total CTC ?
Thanks in advance for your support.