raga1628

"Greetings Members, Our company has its head office in Mumbai, and we have centralized payroll. We contribute to the Maharashtra Labor Welfare Fund every month for all our employees across different locations. Currently, some of our site employees work in the Gujarat region for other companies. Thes" ... (more)

"Greetings Hetal, As per the Minimum Wages Act, the employee’s gross salary should be equivalent to or higher than the sum of the basic salary, special allowance, and HRA (5% of basic, applicable in some states) slab provided by the employer. The total gross salary of Rs. 15230/- exceeds the sla" ... (more)

"Generally, the notification from the government will detail how much DA is to be provided. In the case of minimum wages, the specified increase can be used. You can apply the same ratio of increase in DA for minimum wages to the wages you are paying. The DA increases are announced every 2-3 months b" ... (more)

"Greetings Mrunal, Thank you for the revised slabs for Maharashtra minimum wage notification-2013. My query to all is the following: The minimum wage for Shops and Establishment is as follows: Zone I Basic Special Allowance Total Skilled 5800 + 1576.8 = 7377 Semi Skilled 5400 + 1576.8 = 6977 Unskille" ... (more)

"Hello members, Please find the attached Minimum Wage Notification for Rajasthan, Maharashtra, and West Bengal w.e.f. 01 January 13. Can you please inform whether the amount shown is the basic wage amount or the DA amount? Kindly guide." ... (more)

"Can the seniors guide me on this one? I need to know whether an employee willing to opt out of PF by submitting Form 11 can be refused, stating that as per company policy, the option is not given to employees, and they have to continue with PF." ... (more)

"Thank you all for your valuable suggestions. Can a candidate be hired on a short-term contract for 3 to 6 months? In such an instance, will the Indian Contract Act be applicable or the Contract Labour Act?" ... (more)

"Greetings Members, I had a query regarding Opting out of PF. I) As per the rules, a new employee joining a company can opt out of PF if: - His basic + DA exceeds 6500/- - He submits Form 11, which is a declaration by the employee that he has not been a member of PF or has withdrawn his PF accumulation" ... (more)

"Thank you all for your valuable suggestions. Yes, I understand that it is not right to appoint consultants and expect them to work as regular employees. Junior staff (especially sales) are taken as consultants because most of them quit within a few months of joining. They are mostly freshers or wit" ... (more)

"Greetings Sivasankaran, Q1) 50% Q2) Junior Level Q3) No Q4) Retainership Agreement Q5) Yes Q6) Professional fees Q7) Selling raga1628" ... (more)

"Had a query? Can a private limited company appoint most of its employees as consultants who are paid professional fees after deducting TDS? By doing so, they are avoiding many of the statutory compliances. It also avoids following the leave rules as per the Shops and Establishment Act. Is this legal" ... (more)

"Greetings Sunita, The calculation of leave will depend on the Company’s Leave Policy. Some companies follow the prefix-suffix rule. In case an employee is on leave on Saturday and Monday, then Sunday will be considered as leave. Regards, raga" ... (more)

"Greetings Rohit, Bond is illegal. A company can only take action when an employer and employee prepare an agreement (on stamp paper) with the understanding that the company will provide training to the employee, and the employee has to work for a period of a certain number of years. The agreement als" ... (more)

"Off late in my company, we have had numerous instances wherein we have new recruits resigning within one month of joining. The Management spends a considerable amount of time and money to train them for the first 15 days. Sometimes the new recruits are sent to different locations for various produc" ... (more)

"Greetings Rajat, Thank you for your reply. However my query still remains. In my Organization LTA forms a part of the CTC. LTA is paid anually in the month of March every year even if the bills are not provided. Employees LTA is tax exempt twice in a block of four years. However my new Finance and Account" ... (more)