Request for Expert Suggestions on Salary Structure
I need your expert suggestions on the following structure which my company follows. The take-home of each individual is calculated based on Monthly gross - PF - PT - ESIC. All annual benefits are accumulated, out of which Bonus is paid annually and Gratuity is paid with final settlement. Please advise if this is lawful and what changes need to be made if it is not.
Thanks in advance.
Regards
From India, Mumbai
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27I need your expert suggestions on the following structure which my company follows. The take-home of each individual is calculated based on Monthly gross - PF - PT - ESIC. All annual benefits are accumulated, out of which Bonus is paid annually and Gratuity is paid with final settlement. Please advise if this is lawful and what changes need to be made if it is not.
Thanks in advance.
Regards
From India, Mumbai
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Employee Benefits.doc
Employee Benefits.zip