Dear All,
Kindly help me in calculating revised minimum wages. Its 14842 or 14806
If we are paying gross salary 15k. then we have to increase basis salary or not. For Example
We are paying basic-14k
Spl. all.-1k
gross=15k
if we increase basic salary 14842
spl. all- 158
gross-15k
then we have to pay arrears or not. if yes how we can pay
which components comes under minimum wages.
From India, New Delhi
Kindly help me in calculating revised minimum wages. Its 14842 or 14806
If we are paying gross salary 15k. then we have to increase basis salary or not. For Example
We are paying basic-14k
Spl. all.-1k
gross=15k
if we increase basic salary 14842
spl. all- 158
gross-15k
then we have to pay arrears or not. if yes how we can pay
which components comes under minimum wages.
From India, New Delhi
So long as the salary that you pay is higher than the Basic and DA as notified by the government for minimum wages, you are said to comply with the requirements of law. Therefore, if you have been paying Rs 15000 with a break up applicable to your organisation only, you can continue to pay like that. The question of basic and Da as per minimum wages notification comes when there is a dispute with regard to payment of gratuity.Normally, you will take the Basic salary for calculation of Gratuity. But in respect of employment to which minimum wages have been notified, it should be that minimum wages,implying basic and DA, that should be taken as the base for gratuity calculation.
this will apply in other cases also, like bonus calculation, encashment of leave, etc.
From India, Kannur
4250this will apply in other cases also, like bonus calculation, encashment of leave, etc.
From India, Kannur
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Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf