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SUMIT KUMAR JHA (MANAGER ACCOUNTS) 16 October 2017
Have two queries:
1)Is there is any specific rule for salary breakup as per PF Act.
Considering the PF Act, is there any issue in keeping all the salary amount as basic salary only ?
For example : Offered Gross salary is Rs.15500/- per month and want to keep Rs.15500/- as basic salary only. No HRA, No conveyance , No special allowance etc....
2)Can i keep two salary structure in the same organisation? One salary structure for lower salary group employees and another salary structure for higher salary group emplyees ?
Earliest response shall be highly appeciated !!
@VaibhavJ (Believe!! Live your dreams!) 09 November 2017
No structure as per PF rules.
You can keep entire salary as Basic + DA, DA is also mandatory. Also some states requires you to pay HRA & special Allowance which you need to pay,
You can keep two salary brackets as long as they comlpy with law.