Hi Everyone, I need your help regarding salary break up. Ours is a Softdrinks manufacturing company, registered under factory act . We all are getting salary and getting pay slips with break ups like Basic+DA 60%, HRA 20% and UA 20%.
Now my doubt is how can an employer get benefit if we gave breakups on salary according to factory act rules and Minimum wages act.
**for example
Gross Salary = Rs.30,700/-
Basic +DA = Rs.18,420/-
HRA = Rs. 6,140/-
UA = Rs.6,140/-
Can anyone let me know how to breakup the above salary with right components
Pls clarify... Thanks in advance.
From India, Coimbatore
Now my doubt is how can an employer get benefit if we gave breakups on salary according to factory act rules and Minimum wages act.
**for example
Gross Salary = Rs.30,700/-
Basic +DA = Rs.18,420/-
HRA = Rs. 6,140/-
UA = Rs.6,140/-
Can anyone let me know how to breakup the above salary with right components
Pls clarify... Thanks in advance.
From India, Coimbatore
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Employer-PF-res trict to wages of Rs 6500.pdf