Dear All,
Please advise me if the minimum wage notification states that we cannot bifurcate the minimum wages for PF benefits. If this is the case, please let me know how it should be calculated. Do we have to pay arrears, or will it be going forward?
Thank you.
From India, New Delhi
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Please advise me if the minimum wage notification states that we cannot bifurcate the minimum wages for PF benefits. If this is the case, please let me know how it should be calculated. Do we have to pay arrears, or will it be going forward?
Thank you.
From India, New Delhi
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Dear Neha,
Greetings of the day!
As per the Minimum Wages Act of 1948, the components included in the Minimum Wages Rates are:
(1) Any minimum rate of wages fixed or revised by the appropriate Government in respect of scheduled employments under section 3 may consist of:
(i) a basic rate of wages and a special allowance at a rate to be adjusted, at such intervals and in such a manner as the appropriate Government may direct, to accord as nearly as practicable with the variation in the cost of living index number applicable to such workers (hereinafter referred to as the "cost of living allowance"); or
(ii) a basic rate of wages with or without the cost of living allowance, and the cash value of the concessions in respect of supplies of essential commodities at concession rates, where so authorized; or
(iii) an all-inclusive rate allowing for the basic rate, the cost of living allowance, and the cash value of the concessions, if any.
Please note that all the components mentioned above include the Minimum rate of Wages and all attract contributions towards PF subject to a ceiling limit, i.e., Rs. 6500/- as per the EPF & MP Act.
Also, note that in Delhi, minimum wages rates were revised in July 2011, effective from April 2011, and thereafter, DA has been revised twice a year, i.e., effective from April & October every year. Attached are the notifications for your reference.
Additionally, to my knowledge, Punjab is the only state where the Government issued a Notification regarding Basic Wages, which should not be less than the Minimum Wages rates of the State. The notification is also attached.
I believe this information will be helpful in addressing your query.
Regards,
Mahesh Kumar Pandey
From India, Delhi
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17Greetings of the day!
As per the Minimum Wages Act of 1948, the components included in the Minimum Wages Rates are:
(1) Any minimum rate of wages fixed or revised by the appropriate Government in respect of scheduled employments under section 3 may consist of:
(i) a basic rate of wages and a special allowance at a rate to be adjusted, at such intervals and in such a manner as the appropriate Government may direct, to accord as nearly as practicable with the variation in the cost of living index number applicable to such workers (hereinafter referred to as the "cost of living allowance"); or
(ii) a basic rate of wages with or without the cost of living allowance, and the cash value of the concessions in respect of supplies of essential commodities at concession rates, where so authorized; or
(iii) an all-inclusive rate allowing for the basic rate, the cost of living allowance, and the cash value of the concessions, if any.
Please note that all the components mentioned above include the Minimum rate of Wages and all attract contributions towards PF subject to a ceiling limit, i.e., Rs. 6500/- as per the EPF & MP Act.
Also, note that in Delhi, minimum wages rates were revised in July 2011, effective from April 2011, and thereafter, DA has been revised twice a year, i.e., effective from April & October every year. Attached are the notifications for your reference.
Additionally, to my knowledge, Punjab is the only state where the Government issued a Notification regarding Basic Wages, which should not be less than the Minimum Wages rates of the State. The notification is also attached.
I believe this information will be helpful in addressing your query.
Regards,
Mahesh Kumar Pandey
From India, Delhi
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Splitting of minimum wages for PF in abeyance (1).pdf
SELF-CERTIFICAT E PROFORMA UNNDER THE MINIMUM WAGES ACT, 1948.doc