Hi all, My management instructed me to reduce Basic salary % Previous: Basic is 50% of Gross salary Present: Basic is 35% of Gross salary May i fix this 35 % of basic now?
From India, undefined
5From India, undefined
Dear Sir Basic salary can not be reduced ,specially if it goes in favour of the Management Regards Suresh
From India, Nagpur
From India, Nagpur
Satish, why your management wish to reduce the basic pay? are you ok with reduction? what is your point of view?
Basic pay should not get reduced, if any chance you are doing so (Management force) then please check minimum wages act of your state.
From India, Pune
Basic pay should not get reduced, if any chance you are doing so (Management force) then please check minimum wages act of your state.
From India, Pune
so, what is the minimum basic salary percentage of gross salary that an employer pay. as per which act was it proposed ?
From India, undefined
From India, undefined
Tell your management to read Supreme Court Verdict Feb,2019 regarding PF Gross. Also tel to read the definition of "Wage " under wage code (not yet implemented but will be implemented any time) .
Not wise as well as it will be bad in law to minimize Basic Salary.
S K Bandyopadhyay ( Howrah, WB )
USD HR Solutions.
From India, New Delhi
Not wise as well as it will be bad in law to minimize Basic Salary.
S K Bandyopadhyay ( Howrah, WB )
USD HR Solutions.
From India, New Delhi
Dear Sir,
Please note that reduction in Basic pay is not legally permitted and can be challenged. It will have a tantamounting effect on PF contribution, gratuity and any other allowances paid on percentage of basic.
From India, Chennai
Please note that reduction in Basic pay is not legally permitted and can be challenged. It will have a tantamounting effect on PF contribution, gratuity and any other allowances paid on percentage of basic.
From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Labr laws for Vendor compliance Management.pdf
Stress management.ppt