Dear Sir, While bifurcating gross salary what will be the minimum percentage for fixing basic salary. Please suggest with relevant rule.
From India, undefined
3From India, undefined
bifurcating can depend on whether ,He/She want's to contribute to PF or not for
ex: if a person has been appointed for Rs.20000 then (basic :16000)(HRA : 3000)(conve :1000)
in case not wanted to contribute PF.
case'2:if want to contribute then (Basic:15000) (HRA:3000) (Conve:2000)
From India, Delhi
ex: if a person has been appointed for Rs.20000 then (basic :16000)(HRA : 3000)(conve :1000)
in case not wanted to contribute PF.
case'2:if want to contribute then (Basic:15000) (HRA:3000) (Conve:2000)
From India, Delhi
Thanks Pankaj ji
My intention of quistion is that some of employers pay the higher wages to heir employee but to reduce PF liability they fix the basic very nominal. Is there any minimum fixed percentage for fixing the basic?
From India, undefined
My intention of quistion is that some of employers pay the higher wages to heir employee but to reduce PF liability they fix the basic very nominal. Is there any minimum fixed percentage for fixing the basic?
From India, undefined
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Gross Salary(1).xls