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salary below than 3600/-

Others 1568 views 2 replies

Kumar Gaurav

Going...to be C.A soon...

1624 Points Posted on 09 October 2007

can we show salary in books of accounts below than 3600/- pm bcoz labour act says that u never shows salary below than 3600/-pm

thx

its urgent

Replies (2)

CA. Dashrath Maheshwari

TaXpert

15126 Points Posted on 09 October 2007

minimum wages is depends upon state of employment, category of labour and type of industry, therefore please check the file "State wise Minimum Wages.xls" uploaded by me on the portal. (Lowest is not 3600 actually)

Guest

Guest

460555 Points Posted on 13 October 2007

You can always show this salary in your P&L the only concern is that it will be covered under PF & ESIC Act and will be subjected to respective contributions.

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