Hi,
Salary Breakup as per minimum wages Delhi, having great confusion that it should be Gross salary or Basic+ DA. What are the salary components which can be used in salary bifurcation as per minimum wages.
From India,
Acknowledge(0)
Amend(0)
Salary Breakup as per minimum wages Delhi, having great confusion that it should be Gross salary or Basic+ DA. What are the salary components which can be used in salary bifurcation as per minimum wages.
From India,
Acknowledge(0)Amend(0)
We can use HRA and Basic+DA. So far my knowledge is concern, we can bifurcate M.W.
From India, Bhavnagar
Acknowledge(0)Amend(0)
From India, Bhavnagar
Acknowledge(0)Amend(0)
Hi,
As per the "Wages" definition in MW Act, all remuneration is capable of being expressed in terms of money. However, when it comes to other acts like PF, etc., authorities will insist on paying PF based on the minimum wages. Consequently, you will be compelled to allocate the entire minimum wages solely to Basic+DA.
Regards,
EVR
Acknowledge(0)Amend(0)
1As per the "Wages" definition in MW Act, all remuneration is capable of being expressed in terms of money. However, when it comes to other acts like PF, etc., authorities will insist on paying PF based on the minimum wages. Consequently, you will be compelled to allocate the entire minimum wages solely to Basic+DA.
Regards,
EVR
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Salary bifurcation.xls