What is the Nature of activity carried on? Registered under Which Act?Find out applicable Karnataka Minimum Wages as Per List of Scheduled Employments.Maintain Basic & VDA as per Minimum Wages Notification for 2017-18.Salary Paid in excess of Minimum Wages can be split under other "Nomenclature like HRA, CA, Education Allowance,Special Allowance, medical Allowance " etc to give maximum IT Benefit to Employees
MS. Vani R, and Mr. SRINATH SAI RAM
Being a private limited company you can opt for your own salary structure. However, as stated by Mr. Sai ram maintain total of Basic wages and VDA of MW. This is because generally every five years basic and vda bound to be refixed by the Government which will have impact on the structure.
V.Murali
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