Greetings!
Hello everyone.
Please Advice! we are paying basic salary to our employees' as per minimum wages which is 16064/- for unskilled category. and we pay the EPF on full basic salary. And while calculating Bonus/Gratuity we calculate on the basic salary which is currently 16064 as per MW.
But day by day our employees' are complaining about the same they said that their basic salary should be 40 to 50% as per their CTC. and calculation of Bonus/Gratuity also should be on 40 to 50% of their CTC.
So I would like to know that we are doing correct or should we implement these things according to employees'
Your precious response awaited.
Thanks & Regards
Vishal Bhardwaj
Hello everyone.
Please Advice! we are paying basic salary to our employees' as per minimum wages which is 16064/- for unskilled category. and we pay the EPF on full basic salary. And while calculating Bonus/Gratuity we calculate on the basic salary which is currently 16064 as per MW.
But day by day our employees' are complaining about the same they said that their basic salary should be 40 to 50% as per their CTC. and calculation of Bonus/Gratuity also should be on 40 to 50% of their CTC.
So I would like to know that we are doing correct or should we implement these things according to employees'
Your precious response awaited.
Thanks & Regards
Vishal Bhardwaj