Hi Every one,
i am working in a Construction Company based in Maharashtra. I want to know about Basic wages for computation of PF. Generally we are calculating PF on Gross Salary which includes Basic+HRA+Medical. As per the New amendment in the wage ceiling of Rs.15000/-, many of our employees are not ready for the extra burden. How can i do the working so that the burden will be less both on employee & employer. How can i work out the salary as per minimum wage.
Regards,
i am working in a Construction Company based in Maharashtra. I want to know about Basic wages for computation of PF. Generally we are calculating PF on Gross Salary which includes Basic+HRA+Medical. As per the New amendment in the wage ceiling of Rs.15000/-, many of our employees are not ready for the extra burden. How can i do the working so that the burden will be less both on employee & employer. How can i work out the salary as per minimum wage.
Regards,