Dear members,
It is known that PF contribution is 12% of Basic + DA.
My query is
What is the minimum basic pay to be offered to an employee
keeping minimum wages act 1948 into consideration?
How variable DA is calculated? or do we have to take it from the labour
commissioners office.
eg. A person drawing gross salary of 4000/-
Basic + DA @ 40 % - 1600. So employer contribution is 13.61 of
1600 = 218/-
Is this justified or whether Basic + DA should be minimum 2300?
Throw some light ....anybody
Regards,
Harikeyel
It is known that PF contribution is 12% of Basic + DA.
My query is
What is the minimum basic pay to be offered to an employee
keeping minimum wages act 1948 into consideration?
How variable DA is calculated? or do we have to take it from the labour
commissioners office.
eg. A person drawing gross salary of 4000/-
Basic + DA @ 40 % - 1600. So employer contribution is 13.61 of
1600 = 218/-
Is this justified or whether Basic + DA should be minimum 2300?
Throw some light ....anybody
Regards,
Harikeyel