18 July 2010
The minimum fair wages for unskilled are Rs. 150 per day. That is Rs. 3900.00 p.m. We bifurcate them as: Basic 1800+DA540+HRA660+Other allownaces 900 We keep Basic+DA @ 60% and pay PF on that. Is it correct? Or PF must be paid on minimum fair wages. Any ruling on this?
CAclubindia
