I would like to know about salary structure of labour & permanent employee in our company their are paying 9818 as basic, my salary is 20,000 per month. when i ask them as per the EPF rules , labour law etc my basic should be 10000/-. No answer from them irrespective of that they are saying as per the recent schedule basic (5236)+VDA(4582) = 9818. i don't understand the meaning of 9818. Can anyone can help regarding this.
From India, Hyderabad
From India, Hyderabad
"when i ask them as per the EPF rules , labour law etc my basic should be 10000/-."
Whoever told you this has given you incorrect information. There is no labour law on fixation of basic as % of gross salary. If your basic is decided as 9818 it is ok.
From India, Mumbai
264Whoever told you this has given you incorrect information. There is no labour law on fixation of basic as % of gross salary. If your basic is decided as 9818 it is ok.
From India, Mumbai
Dear Mr Yokshith,Your Basic & VDA is as per the Applicable Minimum Wages with specific reference to your Industry.Please go through relevant notification before concluding that company has erred.The relevant Law governing Basic & VDA is Minimum Wages Act Notification applicable to your industry.
From India, New Delhi
From India, New Delhi
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Salary-Note.doc
SALARY SHEET CALCULATION.xls