Dear neeraj, Actually it other way around. "decision regarding the same by the high court HARYANA & PUNJAB as a organization can bifurcate minimum wages in to other heads." regards Manish
From India, Mumbai
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7From India, Mumbai
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Dear alpesh, i have one question: How much min % basic should be of Gross? in case Gross is min. Wage! regards Manish Gupta
From India, Mumbai
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From India, Mumbai
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Dear Alpesh Thakkar ,
The judgement copy in enclosed here for your ref.
Dear Manish,
Minimum as Gross wages in not at all a fair wage as you know.
But argument shake we can fix 60 to 70% of it as Basic to satisfy the PF authorities.
Please add few points on this idea!
S.Sethupathy,
Excellent HR Services,
Erode.
From India, Selam
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The judgement copy in enclosed here for your ref.
Dear Manish,
Minimum as Gross wages in not at all a fair wage as you know.
But argument shake we can fix 60 to 70% of it as Basic to satisfy the PF authorities.
Please add few points on this idea!
S.Sethupathy,
Excellent HR Services,
Erode.
From India, Selam
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Dear All,
I have also gone through the judgement of Punjab & Haryana High Court in the petition as mentioned by dear Mr. Thakkar between APFC & G4S. But I expect it will be challenged in the Supreme Court. I personally also dont agree with the judgement since there is no criteria of bifurcating the minimum wages as what should be the ratio of basic and other allowances. Let me tell you all that even G4S is going to consider minimum wages as basic wages for PF purpose.
C.B. Sehgal
From India
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I have also gone through the judgement of Punjab & Haryana High Court in the petition as mentioned by dear Mr. Thakkar between APFC & G4S. But I expect it will be challenged in the Supreme Court. I personally also dont agree with the judgement since there is no criteria of bifurcating the minimum wages as what should be the ratio of basic and other allowances. Let me tell you all that even G4S is going to consider minimum wages as basic wages for PF purpose.
C.B. Sehgal
From India
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YES U R TRUE Mr. Sethupathy,
atleast basic should be 60% of gross in case of min wage, in all other cases, Basic can be between 35-40% of gross package ( and in any case it can not be less than 60% of min wage)
this is general rule which most of the factories follow, but i am looking for judgement on which we can rely upon.
pls. add your comments on this issue!
regards
Manish Gupta
From India, Mumbai
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atleast basic should be 60% of gross in case of min wage, in all other cases, Basic can be between 35-40% of gross package ( and in any case it can not be less than 60% of min wage)
this is general rule which most of the factories follow, but i am looking for judgement on which we can rely upon.
pls. add your comments on this issue!
regards
Manish Gupta
From India, Mumbai
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Subject : Minimum Wages in Uttar Pradesh Pls tell what is the rule in UP. In UP Basic and VDA only considerared for Minimum wages or Gross Salary. i.e Basic, VDA, Allowance etc? regds
From India, Delhi
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From India, Delhi
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Dear All, Mr neeraj is right. because this attract the various social security Act and if not this will not compliances of related Act. Raghu
From India, Pune
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From India, Pune
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Dear friends can i know what is the recent amendment chainges in minumum wages in kerala state please if you have the details please let me know
From India, Kochi
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From India, Kochi
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Dear Seniors, Thank You very much for your valuable inputs regarding the above subject "Company Structure linked to Minimum Wages". Regards, Kiranikumari
From India, Bangalore
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From India, Bangalore
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Dear sir,
I am confused about PF deduction for the period from 01/10/2012 to 31/03/2013 at the shop & establishment (zone-i) in Ahmedabad.
The breakdown of the amounts is as follows:
- Basic: 3762.20
- Special Allowance: 1544.40
- Total: 5306.60
I would like to know which amount will be used for the PF 12% deduction.
Please provide me with a solution.
Thank you.
From India, Pune
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I am confused about PF deduction for the period from 01/10/2012 to 31/03/2013 at the shop & establishment (zone-i) in Ahmedabad.
The breakdown of the amounts is as follows:
- Basic: 3762.20
- Special Allowance: 1544.40
- Total: 5306.60
I would like to know which amount will be used for the PF 12% deduction.
Please provide me with a solution.
Thank you.
From India, Pune
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Creating a Competitive Salary Structure.doc
Salary Structure.zip