Dear All, Can anyone help me with the fact that what all components are included in wage? can minimum wage be the net salary or gross salary of an employee? Please help to get the information....
From India, Durgapur
From India, Durgapur
Dear All,
Can anyone help me with the fact that what all components are included in wage?
can minimum wage be the net salary or gross salary of an employee?
Please help to get the information....
Regards,
Ruby
From India, Durgapur
Can anyone help me with the fact that what all components are included in wage?
can minimum wage be the net salary or gross salary of an employee?
Please help to get the information....
Regards,
Ruby
From India, Durgapur
Please give a search of salary annexure in cite hr, so will be get rough idea regarding the components
From India, Hyderabad
169From India, Hyderabad
Hi Ashok,
Thanks for your input.
I have checked but not getting idea about wages... All information is about salary components.. I want to know the difference between salary to be paid and minimum wage components
From India, Durgapur
Thanks for your input.
I have checked but not getting idea about wages... All information is about salary components.. I want to know the difference between salary to be paid and minimum wage components
From India, Durgapur
Dear Member
Please visit the link
https://www.citehr.com/14578-differe...ge-salary.html
This will be able to clear your doubts.
Regards
Preetam Deshpande
From India, Mumbai
Please visit the link
https://www.citehr.com/14578-differe...ge-salary.html
This will be able to clear your doubts.
Regards
Preetam Deshpande
From India, Mumbai
Dear All,
Minimum Wages as notified time to time (periodically) by State government. This consist of Basic Wages , DA(Special Allowance) that it. The PF calculation will be based on theses two basic component. Over and above other allowances can be added, like HRA, Washing Allowances and other allowances as it is deemed fit. This will concluded as Gross Wages.
Hope , now things are clear.
With Regards
V K Sharma,
HR, Tarapur
Minimum Wages as notified time to time (periodically) by State government. This consist of Basic Wages , DA(Special Allowance) that it. The PF calculation will be based on theses two basic component. Over and above other allowances can be added, like HRA, Washing Allowances and other allowances as it is deemed fit. This will concluded as Gross Wages.
Hope , now things are clear.
With Regards
V K Sharma,
HR, Tarapur
Basic shoul not be less than minimum wages prescribed by Govt. HRA should be 33 % of basic and conveyance not more than 800, Medical allowanace not more than 1250 . You may add other allowance for remaining salary .
From India, Shimla
From India, Shimla
I agree this statement, but it has not mentioned in rule or act as per the verson of Labour Inspector minimum wages should be in Basic and DA, what ever component you add like HRA CCA should be over and above minimum wages (Eg:- if the minimum wages is Basic 117.30 and VDA 33.31 per day it should be calculated for 26 days in same compnent)
Sharath
07259625733
From India, Kolkata
Sharath
07259625733
From India, Kolkata
Dear Member,
Mr. Sharma is correct and cleared the point... minimum wage as directed by state govt. shall be maintained and HRA (40% of Basic + DA) can be given.. further u can give in various other head too
Conveyance = 800, Education allowance = 200, medical = 12500 PA, etc...
From India, Bangalore
Mr. Sharma is correct and cleared the point... minimum wage as directed by state govt. shall be maintained and HRA (40% of Basic + DA) can be given.. further u can give in various other head too
Conveyance = 800, Education allowance = 200, medical = 12500 PA, etc...
From India, Bangalore
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Wage Calculation.xls
Strategic-hr-ma nagement2_422.p df