Dear Seniors,
Is there any rule regarding the percentage of CTC that should be allocated as the Basic amount?
In general, we typically consider it to be around 30-35%. I am curious to know if there is any specific rule regarding this in the PF act or the Payment of Wages act.
Thanks in anticipation.
Regards,
Vaibhav
From India, Aurangabad
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5Is there any rule regarding the percentage of CTC that should be allocated as the Basic amount?
In general, we typically consider it to be around 30-35%. I am curious to know if there is any specific rule regarding this in the PF act or the Payment of Wages act.
Thanks in anticipation.
Regards,
Vaibhav
From India, Aurangabad
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Dear Vaibhav, This topic had been discussed a lot of times in this site. You shall use the search option given here for better and prompt answers.
From India, Bangalore
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From India, Bangalore
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[QUOTE=Mahr; 1100235]
Dear Vaibhav,
This topic has been discussed many times on this site. You should use the search option provided here for better and prompt answers.
Dear Sir,
As per your suggestion, I searched but didn't find an answer to my question. I want to know if there is any rule for it in the PF Act or in the Wages Act? Your answer to this will be highly appreciated.
Thanks in anticipation.
Regards,
Vaibhav
From India, Aurangabad
Acknowledge(0)Amend(0)
Dear Vaibhav,
This topic has been discussed many times on this site. You should use the search option provided here for better and prompt answers.
Dear Sir,
As per your suggestion, I searched but didn't find an answer to my question. I want to know if there is any rule for it in the PF Act or in the Wages Act? Your answer to this will be highly appreciated.
Thanks in anticipation.
Regards,
Vaibhav
From India, Aurangabad
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Clubbing of allowances with basic pay under PF Act.pdf