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From India, Hyderabad
1From India, Hyderabad
HI...
I am Thiru and I am working for p ltd companey, I would like to know about my salary break ups details,
I am getting CTC Rs.13500/-
I whould like to know what could be my basic, HRA, SP.PAY, T.A, Mgmt allowance, PF, ...
Could you suggest me on this...
Regards,
Arasu
From India, Bangalore
I am Thiru and I am working for p ltd companey, I would like to know about my salary break ups details,
I am getting CTC Rs.13500/-
I whould like to know what could be my basic, HRA, SP.PAY, T.A, Mgmt allowance, PF, ...
Could you suggest me on this...
Regards,
Arasu
From India, Bangalore
Dear reader, Kindly let me know the Himachal Pradesh Shops and Establishment Act for leave and holidays in the State of Himachal Pradesh. Regards
From India, Delhi
From India, Delhi
Dear Ayona,
You can fix the basic as Rs.4000/-
It is upon which you pay your PF.
ESI you pay it on the whole.
It has a limit set on Minimum wages Act.
So the remaining you can have it as other allowance. (Rs.1000/-)
Any how you could have graded your employees on pay. Based on it for Rs.5000/- I suppose Rs.4000 as basic and Rs.1000/- on other allowance could suffice rather than the break up you had put up.
Regards,
Ramamurthy R
From India, Madras
You can fix the basic as Rs.4000/-
It is upon which you pay your PF.
ESI you pay it on the whole.
It has a limit set on Minimum wages Act.
So the remaining you can have it as other allowance. (Rs.1000/-)
Any how you could have graded your employees on pay. Based on it for Rs.5000/- I suppose Rs.4000 as basic and Rs.1000/- on other allowance could suffice rather than the break up you had put up.
Regards,
Ramamurthy R
From India, Madras
Hi...I am a new joiner in this cite...I am working with manufacturing company in ahmedabad. I want to know about the minimum wages of labour and can any body help me to creat salary structure for the labour according to the minimum wages..
Please reply senours...:confused:
From India, Ahmadabad
Please reply senours...:confused:
From India, Ahmadabad
CiteHR.AI
(Fact Checked)-The minimum wages for labor are governed by the respective state's Minimum Wages Act. To create a salary structure compliant with minimum wages, refer to the specific rates set by the Gujarat Minimum Wages Board. Ensure all components align with the prescribed norms. (1 Acknowledge point)
Hi...I am a new joiner in this cite...I am working with manufacturing company in ahmedabad. I want to know about the minimum wages of labour and can any body help me to creat salary structure for the labour according to the minimum wages..
Please reply senours...:confused:
Ashish Singal
From India, Ahmadabad
Please reply senours...:confused:
Ashish Singal
From India, Ahmadabad
Dear Mr.Shankar
Minimum basic should be 50%
HRA - 35%
Conveyance - 15%
for eg: 5000 is gross
2500 will be basic
1500 will he HRA
1000 will be conveyance
on basic 12% Rs.300 will be PF
Total CTC will be 5300/-
Ptax will be nill if the person is CTC is Rs.5000/-
This is for your information.
Regards
Bhanupriya
HR
From India, Hyderabad
Minimum basic should be 50%
HRA - 35%
Conveyance - 15%
for eg: 5000 is gross
2500 will be basic
1500 will he HRA
1000 will be conveyance
on basic 12% Rs.300 will be PF
Total CTC will be 5300/-
Ptax will be nill if the person is CTC is Rs.5000/-
This is for your information.
Regards
Bhanupriya
HR
From India, Hyderabad
Dear All,
Section 2(h) of the Minimum Wages Act, 1948 defines "wages" as follows:
"Wages means all remunerations, capable of being expressed in terms of money, which would, if the terms of the contract of employment express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment and includes house rent allowance but does not include:
(i) the value of:
(a) any house accommodation, supply of light, water, medical attendance; or
(b) any other amenity or any service excluded by general or special order of the appropriate Government;
(ii) any contribution paid by the employer to any Pension Fund or Provident Fund or under any scheme of social insurance;
(iii) any travelling allowances or the value of any travelling concession;
(iv) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or
(v) any gratuity payable on discharge;"
Also, as per the Supreme Court judgment as well as High Court judgments in various states, we can consider that the scheme of the Act is to provide a minimum wage for each employee and so long as that minimum wage is paid, there is compliance with the provisions of the Act. It is not the requirement of the statute that each component part of the minimum wages, such as the basic wage and the dearness allowance/special allowance should be paid at the rate prescribed under the notification. In cases where an employer is paying a total sum which is higher than the minimum rates of wages fixed under the Act, including the cost of living index, i.e., Variable Dearness Allowance (V.D.A.), he is not required to pay V.D.A. separately.
Therefore, it should be understood that it is enough if the total sum paid to the employee is more than the minimum wages prescribed by the government. I am attaching a couple of judgments - one by the Honorable Supreme Court of India and the other by the Honorable Mumbai High Court for your reference.
Also, no law states how much percentage of Gross Salary or CTC should be BASIC Pay or Dearness Allowance. But normally it varies around 25-60% across industries.
Regards,
Arun
From India, Kochi
Section 2(h) of the Minimum Wages Act, 1948 defines "wages" as follows:
"Wages means all remunerations, capable of being expressed in terms of money, which would, if the terms of the contract of employment express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment and includes house rent allowance but does not include:
(i) the value of:
(a) any house accommodation, supply of light, water, medical attendance; or
(b) any other amenity or any service excluded by general or special order of the appropriate Government;
(ii) any contribution paid by the employer to any Pension Fund or Provident Fund or under any scheme of social insurance;
(iii) any travelling allowances or the value of any travelling concession;
(iv) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or
(v) any gratuity payable on discharge;"
Also, as per the Supreme Court judgment as well as High Court judgments in various states, we can consider that the scheme of the Act is to provide a minimum wage for each employee and so long as that minimum wage is paid, there is compliance with the provisions of the Act. It is not the requirement of the statute that each component part of the minimum wages, such as the basic wage and the dearness allowance/special allowance should be paid at the rate prescribed under the notification. In cases where an employer is paying a total sum which is higher than the minimum rates of wages fixed under the Act, including the cost of living index, i.e., Variable Dearness Allowance (V.D.A.), he is not required to pay V.D.A. separately.
Therefore, it should be understood that it is enough if the total sum paid to the employee is more than the minimum wages prescribed by the government. I am attaching a couple of judgments - one by the Honorable Supreme Court of India and the other by the Honorable Mumbai High Court for your reference.
Also, no law states how much percentage of Gross Salary or CTC should be BASIC Pay or Dearness Allowance. But normally it varies around 25-60% across industries.
Regards,
Arun
From India, Kochi
CiteHR.AI
(Fact Checked)-The user reply contains accurate information regarding the Minimum Wages Act, 1948 and the concept of minimum wages compliance. The reply also correctly states that there is no specific law dictating the percentage of basic pay in the CTC structure. The information provided aligns with current labor laws and practices. (1 Acknowledge point)
Dear Ms Chitra, Plz let me know the new regulation as per ur posting. is it indian act or some other state. plz refer ur state acts & rule and dont misguide or confuse. Regards, Ramnath
From India, Bangalore
From India, Bangalore
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CiteHR.AI
(Fact Checked)-[B]Response[/B]: It's important to ask questions for clarity. Correct answers ensure confidence. Feel free to seek guidance for accurate information. (1 Acknowledge point)