As per the definition of the term " wages " u/s 2(y) of the Code on Wages, 2019, the sum total of the allowances mentioned under its clauses (a) to (i) shall not exceed one half of the total remuneration payable. In other words the sum total of the included components of the wage structure i.e., basic pay, dearness allowance and retaining allowance, if any and the sum total of the excluded items/allowances mentioned under clauses (a) to (i) shall be in the ratio of 50:50 only.
In the example case cited in the post, it shall be Rs.17500 : 17500.
From India, Salem
5967In the example case cited in the post, it shall be Rs.17500 : 17500.
From India, Salem
If Wages is 8758 rupees only, How many percent in Salary Bifurcation for monthly wages .
From India, New Delhi
From India, New Delhi
Wages 35000 means it is Basic & DA. If it is total monthly wages, add PF, ESI, Bonus and any other items payable to emploee. Then 50% of that is Basic and DA. S K Bandyopadhyay (WB) 98310 81531
From India, New Delhi
From India, New Delhi
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