Hi Aftab,
No one has prescribed how much should be consolidated amounts. It's depending on the discretion of the establishment. Are you talking about wages payable as a consolidated amount to employees ? Why, what's the reason for thinking in this line. Normally consolidated remuneration is agreedto for consultants, apprentices/trainees, part-time workers and so on. For regular employees taken on roll, consolidated remuneration is not advisable. For the simple reason- it may pose problems while calculating EPF/ESI contributions, gratuity, pension etc. and such other employee related benefits.
No one has prescribed how much should be consolidated amounts. It's depending on the discretion of the establishment. Are you talking about wages payable as a consolidated amount to employees ? Why, what's the reason for thinking in this line. Normally consolidated remuneration is agreedto for consultants, apprentices/trainees, part-time workers and so on. For regular employees taken on roll, consolidated remuneration is not advisable. For the simple reason- it may pose problems while calculating EPF/ESI contributions, gratuity, pension etc. and such other employee related benefits.