Dear All, Request you to help us for forming a salary structure for a private limited company. Regards vani R
From India, Bangalore
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1From India, Bangalore
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What is the nature of the activity carried out? Registered under which act? Find out the applicable Karnataka Minimum Wages as per the List of Scheduled Employments. Maintain basic and VDA as per Minimum Wages Notification for 2017-18. Salary paid in excess of Minimum Wages can be split under other nomenclatures like HRA, CA, Education Allowance, Special Allowance, Medical Allowance, etc., to give maximum IT benefit to employees.
From India, New Delhi
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From India, New Delhi
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Ms. Vani R and Mr. Srinath Sai Ram,
Being a private limited company, you can opt for your own salary structure. However, as stated by Mr. Sai Ram, maintain the total of Basic wages and VDA of MW. This is because every five years, the basic and VDA are bound to be refixed by the government, which will have an impact on the structure.
V. Murali
From India, Madipakkam
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Being a private limited company, you can opt for your own salary structure. However, as stated by Mr. Sai Ram, maintain the total of Basic wages and VDA of MW. This is because every five years, the basic and VDA are bound to be refixed by the government, which will have an impact on the structure.
V. Murali
From India, Madipakkam
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Creating a Competitive Salary Structure.doc
Salary Structure.zip