How To Calculate Suspended Period Wages

Hi Anish,Now my query is:1\. As per the rule, is the labor department taking the CTC (gross salary) as the minimum wages, or is only the basic taken into account?2\. Should I pay PF for the gross salary, or is the bifurcation of gross salary okay?Thank you for y...

Hi Vivek, you have to follow all the rules of the Factory Act. So, review whatever you have done till today. It's my suggestion to you that you better hire an HR guy so he can handle all the problems. Consultants are a short-term solution for the process.

Dear Vivek,What your PF consultant has said is almost correct. At the worst, you may have to add 10% as a conveyance for the purpose of EPF contribution. 30% of HRA can continue. HRA does not attract EPF and can still be included in wages to be considered in Min...

Dear all,I am in Chennai and am paying my employees gross salaries ranging from 4900 to 11350, which are split into 60% basic, 30% HRA, and 10% conveyance. Only recently, I registered under the Factories Act. Now, as per my lawyer, the minimum wages payable unde...

You can use Basic (Basic + DA) in one term. For example, if 4000 is basic and 300 rs is DA, then you can take 4300 rs as basic. Always use Basic = CTc's 50% for metro and 40% for other locations. HRA = Basic's 50% for metro and 40% for other locations. Conveyanc...

Dear All,As our company is paying salary and PF for the whole days in the month (including Sundays) for the staff, how could I show non-contributory period or days in the Form 3A column.Usha.

How to calculate minimum wages in scheduled employment?To calculate minimum wages in scheduled employment, you need to consider various factors such as the type of work, skill level required, and prevailing wage rates set by the government. Employers must ensure...