Dear Senior's
I am working with manufacturing company of Glass as mgr - hr, every company has a different norms for the hr policy. They are providing 40% of Gross as a basic, because PF is calculated on basic. But as i know basic is 60% of gross. Pls advice me what should be the % for the basic salary & how it should be calculated with the current norms.
Warms Regards
Kavita Pal
I am working with manufacturing company of Glass as mgr - hr, every company has a different norms for the hr policy. They are providing 40% of Gross as a basic, because PF is calculated on basic. But as i know basic is 60% of gross. Pls advice me what should be the % for the basic salary & how it should be calculated with the current norms.
Warms Regards
Kavita Pal