Dear All, Kindly help me to understand of minimum wages act.
1- It's applicable to only workers? or applicable to the private company employees also.
2- Basic + DA wages only consider as a minimum wage? Eg. Basic+DA minimum wages =9000
and if in salary breakup getting basic+DA=4000 and special allowance 8000=12000. Means CTC amount greater than Basic+DA minimum wages than how to prepare salary breakup? which is the correct one?
Your responses will help me to clear my doubts
1- It's applicable to only workers? or applicable to the private company employees also.
2- Basic + DA wages only consider as a minimum wage? Eg. Basic+DA minimum wages =9000
and if in salary breakup getting basic+DA=4000 and special allowance 8000=12000. Means CTC amount greater than Basic+DA minimum wages than how to prepare salary breakup? which is the correct one?
Your responses will help me to clear my doubts