Basic salary according to provident fund
pritom baruah
(Querist) 30 August 2014
This query is : Resolved
Dear sirs
I have been working as an accountant for a Co. in Guwahati (Assam). Here in Assam minimum wage rate is 208 per day for unskilled labour.
I would like to know if minimum wage rate is 208/day then what would be basic salary for unskilled regular employee?
say Employee X salary slip
Basic 3250**
DA 80% 2600
Allw: 2000
-Prof tax 208
-Pf 702
NetSalary 6940
**In order to reduce employers PF contribution some employer keep Basic as lower as possible.
I hope, you understand what I want to know.
Thanks
Pritom Baruah
pritom baruah
(Querist) 01 September 2014
Sir
Want to know Basic Salary should be not less then Minimum wages?