Please help clarify whether basic salaries and gross salaries can be the same if we consider basic salary as per minimum wages.
Telangana minimum wages are Rs. 335/day, so the total in 26 days is Rs. 8710. If I pay a basic salary of Rs. 8710, we have to pay 12% PF of that amount and 1.75% ESI. I have not paid HRA and other allowances. Is this in compliance or not? Please confirm.
From India, Hyderabad
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Telangana minimum wages are Rs. 335/day, so the total in 26 days is Rs. 8710. If I pay a basic salary of Rs. 8710, we have to pay 12% PF of that amount and 1.75% ESI. I have not paid HRA and other allowances. Is this in compliance or not? Please confirm.
From India, Hyderabad
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Dear Sandip, As per Maharashtra Minimum wages 5% HRA is must accordingly check with your state Minimum wages act. In some states laws HRA payable is Mandatory.
From India, Mumbai
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429From India, Mumbai
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Minimum wages- Basic.pdf