Hellow All,
I am confused about Minimum Wage Act. As the Govt. announces the Rate. This rate is Daily Basis and monthly basis.
1. What is different between Daily and monthly basis Rates?
2. Is this Basic + DA= MW RATE ?
3. If a company is providing-> Basic, HRA,Medical, Conveyan, Special Allowance to any employee, then will the sum of all this will be equal to Minimum Wages Rate or we have to keep basic on this rate?
4. The Salary after deduction of PF will be equal to MW or the Gross salary would be in MW rate?
Vikas Mishra.