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What are the revised distribution units of workers' profit participation fund?
Wiki User
∙ 13y ago
The distribution units are the same, four for category "1", two for category "2" and one for category "3" workers. and the categories are:-
1- Workers drawing average monthly wages not exceeding
Rs. 7,500.00
2- Workers drawing average monthly wages exceeding
Rs. 7,500.00 but not exceeding Rs. 15,000.00
3- Workers drawing average monthly wages exceeding
Rs. 15,000.00.
4- Not withstanding anything contained in the scheme, no worker shall, in any one year, be entitled out of the annual allocation to units exceeding the amount of four times of the minimum wages for unskilled workers (6,500 x 4 = 26,000).
Wiki User
∙ 13y ago
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