Minimum wages of Maharashtra is as follow -
Basic = 5400. and Special allowance is 1004 is fixed.
My question is - basic + special allowance = we suppose to calculate ESI & PF or both should be separate ?
Now to calculate the salary break up for 6000/- take home.
which one is correct break up 1 or break up 2.
MONTHLY SALARY Break up - 1.
BASIC + DA 5400
HRA 541
MEDICAL 0
CONVEYANCE 0
CITY COMPENSATORY
/SPECIAL ALLOWANCE 1004
GROSS 6945
PF EMPLOYEE 648
ESI EMPLOYEE 122
PT 175
TAKE HOME 6000
PF EMPLOYER 735
ESI EMPLOYER 330
CTC 8010
MONTHLY SALARY Break up - 2.
BASIC + DA 6404
HRA 663
MEDICAL 0
CONVEYANCE 0
CITY COMPENSATARY
/SPECIAL ALLOWANCE 0
GROSS 7067
PF EMPLOYEE 768
ESI EMPLOYEE 124
PT 175
TAKE HOME 6000
PF EMPLOYER 872
ESI EMPLOYER 336
CTC 8275
Kindly suggest.
Regards
Vishvas
From India, Bangalore
Basic = 5400. and Special allowance is 1004 is fixed.
My question is - basic + special allowance = we suppose to calculate ESI & PF or both should be separate ?
Now to calculate the salary break up for 6000/- take home.
which one is correct break up 1 or break up 2.
MONTHLY SALARY Break up - 1.
BASIC + DA 5400
HRA 541
MEDICAL 0
CONVEYANCE 0
CITY COMPENSATORY
/SPECIAL ALLOWANCE 1004
GROSS 6945
PF EMPLOYEE 648
ESI EMPLOYEE 122
PT 175
TAKE HOME 6000
PF EMPLOYER 735
ESI EMPLOYER 330
CTC 8010
MONTHLY SALARY Break up - 2.
BASIC + DA 6404
HRA 663
MEDICAL 0
CONVEYANCE 0
CITY COMPENSATARY
/SPECIAL ALLOWANCE 0
GROSS 7067
PF EMPLOYEE 768
ESI EMPLOYEE 124
PT 175
TAKE HOME 6000
PF EMPLOYER 872
ESI EMPLOYER 336
CTC 8275
Kindly suggest.
Regards
Vishvas
From India, Bangalore
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Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls