Anonymous
Hi all, Can anyone help me in - What would be the basic rate if a person gross pay is 15000? Renuka
From India, New Delhi
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Dear Renuka,

If you do have the time and patience to peruse the similar threads already available on the same issue, you will certainly understand that there is no hard and fast rule nor any straight jacket formula to divide the gross salary of an employee into different components. But care must be exercised to see whether the particular post/job is covered by the Minimum Wages Act, 1948, and if minimum rates of wages have been fixed, and the componential structure is similar to your industry wage structure. Besides, you have to take into account the periodical cost of employer's contributions to such statutory social security components like EPF, ESI, Gratuity, etc., and other indirect commitments like statutory bonus.

Similarly, it is also important to compare the prevailing wage structures of the same or similar post in the same or similar type of industries in the region. Therefore, you may devise the structure in such a manner that the sum of basic and dearness allowance constitutes not less than 70% of the total salary package.

From India, Salem
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Basic rate should not be less than the minimum wages defined prescribed under the minimum wages act of 1948 , the minimum wages is consist of Basic+DA. sumit kumar saxena
From India, Ghaziabad
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Yes... Absolutely... Basic payment 15k is attractive for fresh candidates... So keep it up...
From India, Nazareth
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Dear Renuka,

The basic wages of the concerned employee would be as per the skill category. Please refer to the rate of minimum wages in your state to calculate it. Show the balance amount against daily allowance. The EPF shall be calculated based on the basic wages earned, while the ESI will be calculated on a gross of 15000. The gratuity should also be calculated based on the basic wages.

Thank you.

From India, Mumbai
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Hi All, Please find attached state wise miminum wages. Hope this helps someone. Cheers Ajay kulkarni ajayoctave@outlook.com +91-8618516451
From India, Bangalore
Attached Files (Download Requires Membership)
File Type: xls Minimum wages state wise details.xls (62.5 KB, 2441 views)

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Dear All PFA copy of the SC Judgement on PF for Allowances dated 28th Feb '19 for information. N Nataraajhan, Sakthi Management Services (Hp : + 91 94835 17402 ; E-mail : natraj@sakthimanagement.com)
From India, Bangalore
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File Type: pdf SC - PF on Allowances 2019.pdf (390.6 KB, 1708 views)

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Dear Mr.Nataraajhan sir, The Judgement not have the clarity about the effective date So in this regard what we have to do
From India
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Dear Renuka, Greetings!! Please select the candidate in the category of Unskilled or semi skilled. Your problem will be solve. Thanks & Rgds
From India, Delhi
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Hi, It would be 50% of gross for metro cities and 40% of gross for non-metro cities simple.
From India, Delhi
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