Hi!
Can we bifurcate minimum wage i.e Basic +HRA+ Con.and PF is deducted only on Basic????????????
We need your suggestions for the same. your prompt reply in this regard will be highly solicited.............................
Thanks & Regards
Vijay Yadav
9899989605
From India, Gurgaon
Can we bifurcate minimum wage i.e Basic +HRA+ Con.and PF is deducted only on Basic????????????
We need your suggestions for the same. your prompt reply in this regard will be highly solicited.............................
Thanks & Regards
Vijay Yadav
9899989605
From India, Gurgaon
HI Vijay Minimum Wage can be bifurcated as Basic+VDA. But the PF deduction has to be there on the Total of Basic+VDA with 12%. Regards
From India, Gurgaon
1From India, Gurgaon
Dear VIJAY, PF duduct on BASIC+DA, with employees:12% & employers:12%. Minimum Wages can only bifurcated as Basic & D.A. With Regards, Vineet.
From India, Yavatmal
From India, Yavatmal
Yes it can be bifurcated there is recent judgment dated 7th Feb on the same issue by Punjab & Haryana High Court, which clear this point. search on forum to right side, centrainly you will find the judgment.
Dear Vijay, If you are paying consolidated salary then the basic + DA should not cross more than 60%, on the 60% amount PF 12% can be deducted. regards
From India, Hyderabad
From India, Hyderabad
Is there any Act or Law where its clearly mentioning that Min wage cant be bifurcated or its consist only BASIC + DA? Please provide me some supporting if you have.
From India, Calcutta
From India, Calcutta
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Minimum Wage of UP & UK.pdf