Hi, Can anyone help me with the break up of Rs.6500/- without any ESI or PF deduction Thanks
From India, Bengaluru
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From India, Bengaluru
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BASIC - Rs. 3267 HRA - Rs. 1633 CONVEYANCE - Rs. 1600 GROSS - Rs. 6500
From India, Chennai
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109From India, Chennai
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Hello The salary what you are showing is much less than the minimum wages as per the Karnataka Minimum wages act. I am not sure your intention for further breakups
From India, Bangalore
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From India, Bangalore
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Dear Redak,
Mr. Jeeva is correct; the structure and breakup of any wages should not be less than the specified minimum wages set by the state or central government. Salary breakup is typically done to reduce certain liabilities such as PF, Bonus, PL encashment, and Gratuity. Additionally, it can increase the cash-in-hand salary of the individual. However, according to a Supreme Court decision, wages must adhere to the applicable minimum wage structure.
Please let me know if you need further clarification or assistance.
Thank you.
From India, Delhi
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Mr. Jeeva is correct; the structure and breakup of any wages should not be less than the specified minimum wages set by the state or central government. Salary breakup is typically done to reduce certain liabilities such as PF, Bonus, PL encashment, and Gratuity. Additionally, it can increase the cash-in-hand salary of the individual. However, according to a Supreme Court decision, wages must adhere to the applicable minimum wage structure.
Please let me know if you need further clarification or assistance.
Thank you.
From India, Delhi
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I do agree, salary should not be less than minimum wages. However, minimum wages differ from state to state, and some follow the central sphere. In states like TN, minimum wages defined by the State Govt vary from industry to industry.
@Redak just asked for a breakup, and I provided it. It is his/her duty to check the minimum wages his/her company follows before implementing.
From India, Chennai
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@Redak just asked for a breakup, and I provided it. It is his/her duty to check the minimum wages his/her company follows before implementing.
From India, Chennai
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How about Apprentices under the Apprentices Act or under the Central Government Skill Development Centre? They are STIPEND and they need not be split as it will not attract ESI or PF
From India, Chennai
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From India, Chennai
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Break.zip
Salary Break Up.xlsx