Dear Sir’s Please inform me can the Minimum wages be bifurcated in Basic and allowances. best regards PG
From India, Gurgaon
From India, Gurgaon
Dear PG,
As far as I know, the very term Minimum Wages suggests that the wage / salary is the minimum net payment that you make to your employee. In other words, irrespective of whatever category the compensation is paid in, at the end of all the calculations, the net amount must not be less than the mandatory Minimum Wages as issued by the Government from time to time.
Hope this clarifies your query.
Warm Regards,
Samba Siva.
From India, Hyderabad
1As far as I know, the very term Minimum Wages suggests that the wage / salary is the minimum net payment that you make to your employee. In other words, irrespective of whatever category the compensation is paid in, at the end of all the calculations, the net amount must not be less than the mandatory Minimum Wages as issued by the Government from time to time.
Hope this clarifies your query.
Warm Regards,
Samba Siva.
From India, Hyderabad
DEAR ALL,
I want to clear the definition of Wages under minimum wages act.
"wages" means all remuneration, capable of being expressed in terms of money, which would, if the terms of the contract of employment, express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment 7[and includes house rent allowance],
Please also note that the wages does not include the value of-
(a) any house, accommodation, supply of light, water, medical attendance, or
(b) any other amenity or any service excluded by general or special order of the appropriate government;
(ii) any contribution paid by the employer to any pension fund or provident fund or under any scheme of social insurance;
(iii) any travelling allowance or the value of any travelling concession;
(iv) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or
(v) any gratuity payable on discharge
(**source : http://labour.nic.in <link updated to site home> )
Regards
Rajesh Joshi
I want to clear the definition of Wages under minimum wages act.
"wages" means all remuneration, capable of being expressed in terms of money, which would, if the terms of the contract of employment, express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment 7[and includes house rent allowance],
Please also note that the wages does not include the value of-
(a) any house, accommodation, supply of light, water, medical attendance, or
(b) any other amenity or any service excluded by general or special order of the appropriate government;
(ii) any contribution paid by the employer to any pension fund or provident fund or under any scheme of social insurance;
(iii) any travelling allowance or the value of any travelling concession;
(iv) any sum paid to the person employed to defray special expenses entailed on him by the nature of his employment; or
(v) any gratuity payable on discharge
(**source : http://labour.nic.in <link updated to site home> )
Regards
Rajesh Joshi
Dar PKGThe Minimum Wages has takencare of BasicPay,Dearness Allowance,House Rent allowance and other allowances.It is the responsibility of the concerned State Govt.to declare the Minimum Wagesfor different type of Industries and different categery of employees. However there is no law on bifurfication of the Minimum Wages.In practice we always splitthe Minimum Wages as follows:Basic Pay & DA....................60% of Minimum wages,
House Rent .......25% of Minimum Wages and
Conveyance Allowance...15% of Minimum Wages.
Hope this will satisfy your doubts.
:icon10:Vijay Gaonkar
From India, Pune
House Rent .......25% of Minimum Wages and
Conveyance Allowance...15% of Minimum Wages.
Hope this will satisfy your doubts.
:icon10:Vijay Gaonkar
From India, Pune
Hey let me defne, please make me correct, if I am wrong......
Minimum wages are varies from state to state, it's also varies from class of employee, can be categorised in few mannors: e.g. Skilled, Semi Skilled and Unskilled. Sometimes it has been seen the it's also varies from Nature of the business of a company to company.
E.g. In Maharashtra, for A Chemical Company, it's Rs.3258 ( whereas there are three category of locations have been defined , where this amount is varries) and it includes Basic+DA and minimum 5% HRA (if given), other allowance can also be added.
From China
Minimum wages are varies from state to state, it's also varies from class of employee, can be categorised in few mannors: e.g. Skilled, Semi Skilled and Unskilled. Sometimes it has been seen the it's also varies from Nature of the business of a company to company.
E.g. In Maharashtra, for A Chemical Company, it's Rs.3258 ( whereas there are three category of locations have been defined , where this amount is varries) and it includes Basic+DA and minimum 5% HRA (if given), other allowance can also be added.
From China
Dear Hitesh,
Just to enlighten you on the subject, the Minimum Wages CAN BE bifurcated into variouis heads, as long as the bifurcation is done within the meaning of "WAGES", i.e., Basic, DA, HRA, etc.
Hope you will now be more wise in computing a salary structure.
Regards,
Prashant Das
From India, Delhi
Just to enlighten you on the subject, the Minimum Wages CAN BE bifurcated into variouis heads, as long as the bifurcation is done within the meaning of "WAGES", i.e., Basic, DA, HRA, etc.
Hope you will now be more wise in computing a salary structure.
Regards,
Prashant Das
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls