Dear Sir,
We are having graduate skilled employees at Delhi, covered under Delhi Shop & Establishment Act, whose salaries ranges between Rs.6000.00 to Rs.30000.00. As per the minimum wages Act, for graduate Rs.4650.00 should be paid to any skilled graduate. If the company is paying more than minimum wages, what will be the formula for the amount on which deduction of Provident Fund should be made.
We are having graduate skilled employees at Delhi, covered under Delhi Shop & Establishment Act, whose salaries ranges between Rs.6000.00 to Rs.30000.00. As per the minimum wages Act, for graduate Rs.4650.00 should be paid to any skilled graduate. If the company is paying more than minimum wages, what will be the formula for the amount on which deduction of Provident Fund should be made.