Dear Sir, While bifurcating gross salary what will be the minimum percentage for fixing basic salary. Please suggest with relevant rule.
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Bifurcating can depend on whether he/she wants to contribute to PF or not.
For example, if a person has been appointed for Rs. 20000, then the breakdown without contributing to PF would be:
- Basic: 16000
- HRA: 3000
- Conveyance: 1000
In the case of wanting to contribute to PF, the breakdown would be:
- Basic: 15000
- HRA: 3000
- Conveyance: 2000
From India, Delhi
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For example, if a person has been appointed for Rs. 20000, then the breakdown without contributing to PF would be:
- Basic: 16000
- HRA: 3000
- Conveyance: 1000
In the case of wanting to contribute to PF, the breakdown would be:
- Basic: 15000
- HRA: 3000
- Conveyance: 2000
From India, Delhi
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Thank you, Pankaj ji.
My question is regarding employers who pay higher wages to their employees but set a very nominal basic salary to reduce PF liability. Is there a minimum fixed percentage for determining the basic salary?
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My question is regarding employers who pay higher wages to their employees but set a very nominal basic salary to reduce PF liability. Is there a minimum fixed percentage for determining the basic salary?
From India, undefined
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls