Can a private limited company pay increment in misc head & don’t increase in basic pay.
From India, New Delhi
2From India, New Delhi
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.
Hi Nitin,
The Minimum wage gazette shall be released every year by Labour department. Go through it.
And why does the company want to avoid showing in Basic component?
Anyhow the increase in pay of an employee shall be shown in records, minimum wage also gets hiked every year and on each such occasion company has to rise it.
From India, Hyderabad
The Minimum wage gazette shall be released every year by Labour department. Go through it.
And why does the company want to avoid showing in Basic component?
Anyhow the increase in pay of an employee shall be shown in records, minimum wage also gets hiked every year and on each such occasion company has to rise it.
From India, Hyderabad
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.
Proposal-Privat e-Limited-Compa ny-Registration .pdf
Profile_Kapgrow Corporate Advisory Services Private Limited.ppt