If a company pays gross salary more than minimum wage, pay ESI & PF on gross. But no DA Component in salary structure.
Then this structure is legally right or not?
Example:
Salary
Basic 6000
HRA 3500
Others 500
Basic wage as per minimum wage - 5600, DA-3500.
From India
2Then this structure is legally right or not?
Example:
Salary
Basic 6000
HRA 3500
Others 500
Basic wage as per minimum wage - 5600, DA-3500.
From India
As long as you pay more than the minimum wages, and pay ESI & PF on gross wages, no Inspection official will question you.
From India, Madras
From India, Madras
Dear Babu Alexander Sir, "and pay ESI & PF on gross wages," PF is paid on Basic+DA+VDA
From India, New Delhi
From India, New Delhi
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Gross Salary(1).xls