Can a private limited company pay increment in misc head & don’t increase in basic pay.
From India, New Delhi
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2From India, New Delhi
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Dear Nitin, Yes you can do that, only thing needs to be kept in mind is to follow minimum wages for the state for components.
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Hi Nitin,
The minimum wage gazette shall be released every year by the Labour Department. Please go through it.
Also, why does the company want to avoid showing it in the basic component?
In any case, the increase in an employee's pay should be recorded. The minimum wage is also increased annually, and on each such occasion, the company has to adjust it accordingly.
From India, Hyderabad
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The minimum wage gazette shall be released every year by the Labour Department. Please go through it.
Also, why does the company want to avoid showing it in the basic component?
In any case, the increase in an employee's pay should be recorded. The minimum wage is also increased annually, and on each such occasion, the company has to adjust it accordingly.
From India, Hyderabad
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