what is Minimum basic for Salary ... In gujrat. ??? How much % calculated from CTC Regards, Mittal Patel
From India, Ahmadabad
1From India, Ahmadabad
Dear Mittal,
its practice to fix basic as 40% to 60% on the basis of location and other factors and rest of salary part would be distributed as different allowances as per company policy.
so the important thing is to fix basic + da as such that it reflects and align to minimum wages prevailing in your state/industry for the given period. you should keep this point while you frame CTC.
the only benefits to keep basic more than min wage is more contribution to pf from both employee & employer side.
hope you are clear and feel free to ask any further query
Thanks & Regards
From India, Mumbai
its practice to fix basic as 40% to 60% on the basis of location and other factors and rest of salary part would be distributed as different allowances as per company policy.
so the important thing is to fix basic + da as such that it reflects and align to minimum wages prevailing in your state/industry for the given period. you should keep this point while you frame CTC.
the only benefits to keep basic more than min wage is more contribution to pf from both employee & employer side.
hope you are clear and feel free to ask any further query
Thanks & Regards
From India, Mumbai
Dear Mittal,
Good Afternoon!
Your question has multiple answers. In order to help us better please provide details. For E.G. Do your organisation belongs to shops and establishment or is it registered under factories Act? What kind of Industry are you in? What is your location? Etc.
I am an HR from Gujarat too. We will be able to help you better only if we have correct information. Please share detail information. You can inform us here, send a message in inbox, email or Call. Here at Cite HR we try and help each other as much as possible.
Regards,
Sagar Gulani
9974646108
From India, Surat
Good Afternoon!
Your question has multiple answers. In order to help us better please provide details. For E.G. Do your organisation belongs to shops and establishment or is it registered under factories Act? What kind of Industry are you in? What is your location? Etc.
I am an HR from Gujarat too. We will be able to help you better only if we have correct information. Please share detail information. You can inform us here, send a message in inbox, email or Call. Here at Cite HR we try and help each other as much as possible.
Regards,
Sagar Gulani
9974646108
From India, Surat
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
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