Salary Structure Breakup [Thread 450985]

Dear Seniors,
My company are using salary breakup as per bellow details.
1. Gross=Basic*60% of Gross + HRA*30% of Gross+ Convy.*10% of Gross
SALARY STRUCTURE FOR DELHI:-

BASIC 5400
HRA 2700
CONV. 900
GROSS 9000
EMPLOYEE P.F. 648
EMPLOYEE E.S.I. 158
IN HAND 8194
EMPLOYER P.F. 735
EMPLOYER E.S.I 428
INSURANCE 250
TOTAL CTC 10413
2. There are using minimum wages = Gross.
I request you to all please clear my bellow points.
Is it correct salary structure ?
Also let me know about the Minimum wages.

Hi Psharma,
Salary structure differ from company to company. Its upto company to decide thier salary structure so that their employees can be benifitted more.
For your first question my answe is yes it can be said correct salary structure. but they have not mentioned other perquisite items so you will not get much benifit for tax purpose (but not to worry about tax you are under tax bracket)
Now for second question my answer is minimum wages applicable to workmen (Skille/Semiskilled/Unskilled/Clerk) so I dont think that you come under workmen so minimum wages are not applicable to you.
Arun J.

If you come under semiskilled then you have to check minimum wages circular of your zone. you will get the actual amount.
Arun j.

Dear Sir,
As per minimum wages circular minimum wage is Rs. 8008 per month Rs. 308 per day for semiskilled w.e.f 1st Oct 2012.
Regards
Pradeep Sharma

Dear Sharma/Arun
I am also agreed with arun but one correction Convyance is taxable when it goes 800/- pls rectifies conv 800/- instaed of 900/- and if ESI is applicable then Group insurance not applicable for that emplyee.

Dear Sharma,
ok u go thru ur stracture but get advice from ur CA for taxation matter..................................

Hi, Psharma,
its s desputable question, but here what court will see is, how much aggregate wages you are getting ?.
In your case aggregate wages you get monthly are more than your minimum wages so their is no question of minimum wages.
But important is because of this your PF contribution on 1100 is going less (6500-5400) so for this purpose you can meet HR and tell them to bring your basic to max limit of Rs. 6500 so that you can gain the benifit.
Arun J.

Dear Seniors
I am working in Pvt Ltd company since Jan 2008, I am facing very problem regarding salary. My salary are pending from four months. What Can I do, pl. suggest.
S Kumar

Dear Kumar,
Please clarify that why your salary have been held by company for four month then we will able to give answer.

This is in response to the query about minimum wages raised by P Sharma.
As has been brought out above, the minimum wages (Basic+VDA) of a semi skilled worker in Delhi is Rs 8,008/- per month as on date.
The company is paying only Rs 5,400/- as Basic + VDA which is incorrect.
By reducing the Basic +VDA the company is gaining on 'Employer's share' of EPF as has also been brought out above.
Presuming that you approach the HR Manager, what proposal would you give? The Company may not like to increase your CTC much while following the statutory compliance of minimum wages. In that case you may propose-
Basic +VDA f the Company follows the norms and gives Rs 8,008/- as the Basic+VDA, it will have to shell out