hi,

I would be framing the CTC structure of our company (software+BPO), i want to know if there is ant statutory ruling about the minimum amount of basic that needs to be paid out. say for instance:5000 P.M. is the CTC

Basic: 15,00(30% of 5000)
HRA: 750 (50% of the basic)
Attendance Allowance: 1000
Grade Allowance: 500
Special Allowance:1250

I just want to know if 1500 P.M. of basic is all right or not.

I have the "REVISED MIN WAGES: WB: with me, but I could not get anything from it.

It would be good if you could help me out with this.

Thanks and regards,
Abhi

it is not necessary if you paid more than mini.waged than its on you to decide the basic.but if you pay only mini wages than its applicable to total amount e.g basic + d.a, but in this case also p.f. act not define any limit as some company bifurcating mini ages into basic(50%) +hra(25%) + conveynce (25%), as in Mini wages act it not define in p.f.act

Regards,
Maaya