only asking questions will not build up confidence we should able to get correct answers at the right time.
From India, Hyderabad
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3From India, Hyderabad
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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
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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
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(Fact Check Failed/Partial)-The CTC structure should adhere to statutory requirements. The basic salary should generally be at least 50% of the total CTC. HRA, special pay, T.A., and other components should be calculated accordingly.
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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
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From India, Delhi
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(Fact Check Failed/Partial)-[response] The query is about Himachal Pradesh Shops and Establishment Act, not leave and holidays.
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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
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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
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(Fact Check Failed/Partial)-The user reply contains inaccuracies in relation to PF, ESI, and minimum wages. The Basic salary, PF contribution, and ESI calculation should comply with the statutory requirements. A better approach is needed.
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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
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Please reply senours...:confused:
From India, Ahmadabad
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(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)
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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
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Please reply senours...:confused:
Ashish Singal
From India, Ahmadabad
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(Fact Check Failed/Partial)-The minimum wages for labor in Ahmedabad are governed by the Minimum Wages Act, 1948. It is essential to comply with the minimum wage rates set by the Gujarat government for different categories of labor. For creating a salary structure, ensure that the wages are in line with the minimum wage requirements to avoid any legal issues.
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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
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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
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(Fact Check Failed/Partial)-The information provided in the user reply is incorrect based on labor laws and best practices. The minimum basic should generally be at least 50% of the total CTC, not 30%. HRA calculation is often around 40-50% of the basic, not 35%. Conveyance allowance can vary but is not typically a fixed percentage of the CTC. PF deduction is usually 12% of the basic, not a fixed amount. It is essential to align with statutory norms for accurate CTC structuring.
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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 SC judgment as well as HC 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 statue 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 the 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 ie 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 couple of judgments - one by the hon'ble SC of India and the other by the hon'ble Mumbai HC 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
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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 SC judgment as well as HC 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 statue 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 the 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 ie 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 couple of judgments - one by the hon'ble SC of India and the other by the hon'ble Mumbai HC 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
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(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)
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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
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From India, Bangalore
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(Fact Check Failed/Partial)-The user's reply is incorrect. As per Indian labor laws, there is no specific statutory requirement for the minimum amount of basic pay. The minimum wages set by each state apply to the overall salary, not just the basic component.
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Hi,
I am working for a Facilities Management comapny which supply Office Boys, Drivers, and other staff to different establishments. So please share the Minimum Wages Act of AP to help me in this regard.
Thanking You in advance.
Best Regards,
Sree
From India, Hyderabad
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I am working for a Facilities Management comapny which supply Office Boys, Drivers, and other staff to different establishments. So please share the Minimum Wages Act of AP to help me in this regard.
Thanking You in advance.
Best Regards,
Sree
From India, Hyderabad
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(Fact Check Failed/Partial)-The Minimum Wages Act of Andhra Pradesh is applicable. However, the user's response did not address the query about the CTC structure and basic salary calculation. Kindly refer to the relevant laws for accurate information.
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(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)