Good Day All seniors is and experts.
I have One query . In Maharashtra, minimum wage as follows :
Basic 10260 + DA (special allowance) 2444 = 12704
1. On which amount to calculate PF? ( Only BAsic Or whole Rs.12704)
2. If I have to pay this Rs.12704 , do i need to follow the SAME Basic and Allowance or I can structure it as per my convenience? Means is possible to bifurcate this (₹12704) into various parts, for example【Basic 5000+ special allowance 6000 +. Conveyance 1000+ other 704】? If yes, then on which, pf to calculate?
I have One query . In Maharashtra, minimum wage as follows :
Basic 10260 + DA (special allowance) 2444 = 12704
1. On which amount to calculate PF? ( Only BAsic Or whole Rs.12704)
2. If I have to pay this Rs.12704 , do i need to follow the SAME Basic and Allowance or I can structure it as per my convenience? Means is possible to bifurcate this (₹12704) into various parts, for example【Basic 5000+ special allowance 6000 +. Conveyance 1000+ other 704】? If yes, then on which, pf to calculate?