Dear All,
I want to find out whether the salary of employees in the organization complies with the minimum wage regulations. Can anybody inform me on how I can compare their salary with the minimum wages? I have the rates of minimum wages applicable to my zone.
Thanks & Regards,
Shweta G
From India, Mumbai
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10I want to find out whether the salary of employees in the organization complies with the minimum wage regulations. Can anybody inform me on how I can compare their salary with the minimum wages? I have the rates of minimum wages applicable to my zone.
Thanks & Regards,
Shweta G
From India, Mumbai
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HI, Minimum wages are basic +da . So if u want to compare the salary with minimum wages , take existing basic and da and compare with minimum wages. Regards, Harshad
From India, Mumbai
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From India, Mumbai
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Can somebody please send me the updated minimum wages chart for the service industry? I am working for a courier company and would like someone to email me the minimum wages for Maharashtra.
My ID: ananaarti@gmail.com
Thanks and Regards,
Aarti
From India, Pune
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My ID: ananaarti@gmail.com
Thanks and Regards,
Aarti
From India, Pune
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Dear Harshad,
Can we compare the minimum wages with the gross salary? Because if only basic and DA are considered, then nobody is matching the minimum wages.
Dear Arati,
Please find the rate of minimum wages for Maharashtra.
Thanks,
Shweta
From India, Mumbai
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Can we compare the minimum wages with the gross salary? Because if only basic and DA are considered, then nobody is matching the minimum wages.
Dear Arati,
Please find the rate of minimum wages for Maharashtra.
Thanks,
Shweta
From India, Mumbai
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Hi Shweta,
We can't compare minimum wages with gross, since gross will obviously be higher than minimum wages. Minimum wages are basically the basic salary and DA. Gross will include all other allowances like HRA, MED, CONVEYANCE, etc., which can differ from company to company. There may be other allowances under which the company will pay amounts that are part of the gross. That's why minimum wages are compared only with Basic and DA, since according to the Act, one needs to pay minimum wages as per the industry specifications. Additionally, over and above 5% HRA should be paid. The rest of the amount paid under any other heading as per the Act is not a concern. Therefore, it has to be compared with Basic and DA.
Regards,
Harshad
From India, Mumbai
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We can't compare minimum wages with gross, since gross will obviously be higher than minimum wages. Minimum wages are basically the basic salary and DA. Gross will include all other allowances like HRA, MED, CONVEYANCE, etc., which can differ from company to company. There may be other allowances under which the company will pay amounts that are part of the gross. That's why minimum wages are compared only with Basic and DA, since according to the Act, one needs to pay minimum wages as per the industry specifications. Additionally, over and above 5% HRA should be paid. The rest of the amount paid under any other heading as per the Act is not a concern. Therefore, it has to be compared with Basic and DA.
Regards,
Harshad
From India, Mumbai
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Hi,
I am working in an outsourcing company where we have to create a salary structure according to the client's wishes. They want to reduce their liability, such as employer contributions in PF and ESI, and aim to pay more to the employee, i.e., Net Take-Home (NTH) salary. In this scenario, they decrease the basic pay and increase the net pay. Can anybody help me with how to proceed with this?
Regards.
From India, Madras
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I am working in an outsourcing company where we have to create a salary structure according to the client's wishes. They want to reduce their liability, such as employer contributions in PF and ESI, and aim to pay more to the employee, i.e., Net Take-Home (NTH) salary. In this scenario, they decrease the basic pay and increase the net pay. Can anybody help me with how to proceed with this?
Regards.
From India, Madras
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Hi,
Minimum wages are announced by all state governments. The government releases orders from time to time, and we follow these orders. Recently, the Pondicherry Government announced a daily wage of Rs. 80.
Regards,
T. Satchi
From India, Pune
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Minimum wages are announced by all state governments. The government releases orders from time to time, and we follow these orders. Recently, the Pondicherry Government announced a daily wage of Rs. 80.
Regards,
T. Satchi
From India, Pune
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Hi Sweta,
Please read the paragraph below; this may help you understand the difference:
Minimum Wages: According to my knowledge, you have to pay minimum wages as per the profile and nature of the job, in accordance with the Minimum Wages Act of 1948. Otherwise, it will be considered an offense by the employer.
Minimum wages are set statewise with particular norms, including food requirements, clothing needs, housing, fuel, lighting, education for children, medical necessities, etc. It is the amount of remuneration needed for an average worker to meet their obligations.
Salary: This refers to the total worth you have to provide to an employee after job evaluation.
Regards,
Vikas Kumar
From India, New Delhi
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Please read the paragraph below; this may help you understand the difference:
Minimum Wages: According to my knowledge, you have to pay minimum wages as per the profile and nature of the job, in accordance with the Minimum Wages Act of 1948. Otherwise, it will be considered an offense by the employer.
Minimum wages are set statewise with particular norms, including food requirements, clothing needs, housing, fuel, lighting, education for children, medical necessities, etc. It is the amount of remuneration needed for an average worker to meet their obligations.
Salary: This refers to the total worth you have to provide to an employee after job evaluation.
Regards,
Vikas Kumar
From India, New Delhi
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Hi Vikas & Harshad,
I am confused. When comparing the basic and special allowances with the actual basic salary and all, I still find that many organizations are not paying their employees according to the Minimum Wage. How can this be possible?
Please clarify.
Sorry Nishant, I am unable to recall the name of the website.
You are most welcome, Arati.
With lots of regards,
Shweta G
From India, Mumbai
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I am confused. When comparing the basic and special allowances with the actual basic salary and all, I still find that many organizations are not paying their employees according to the Minimum Wage. How can this be possible?
Please clarify.
Sorry Nishant, I am unable to recall the name of the website.
You are most welcome, Arati.
With lots of regards,
Shweta G
From India, Mumbai
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Dear Sweta Thanks for forwarding valuable info. One thing i wanted to ask you is that why you’ve added special allowance in each class of industry. DHAMEJA
From India, Calcutta
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From India, Calcutta
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Dear S, Firstly you should have known about what’s wage’s and minimum wages. If you want to know about correct wages you should go to labour department of Maharashtra. D.K.Saini
From India, New Delhi
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From India, New Delhi
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Shweta,
It will be better if you contact the nearest Labor Office in the area so that all your queries and doubts get cleared. Our organization generally does this, which ensures that legal compliances are maintained.
Regards,
Nishant
From India, Bicholim
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It will be better if you contact the nearest Labor Office in the area so that all your queries and doubts get cleared. Our organization generally does this, which ensures that legal compliances are maintained.
Regards,
Nishant
From India, Bicholim
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Hi all, Thank U so much for your reply and help. Sorry Arati I am not able to find out the charts for Gujrat goa And MP, but sure will make it provided to u. Please give me some time. Shweta G
From India, Mumbai
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From India, Mumbai
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I really appreciate your efforts and willingness to help me. And shall wait:-) Warm Regards, Aarti
From India, Pune
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From India, Pune
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Hi Arati,
Please check the following link. You will get your desired information.
http://www.paycheck.in/main/officialminimumwages
All the best.
Thanks & Regards,
Shweta G
From India, Mumbai
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Please check the following link. You will get your desired information.
http://www.paycheck.in/main/officialminimumwages
All the best.
Thanks & Regards,
Shweta G
From India, Mumbai
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Hi Shweta, I have checked the site but it shows me details till March’06. Should i assume that the minimum wages are not revised after March for states like Gujrat,MP etc. Warm Regards, Aarti
From India, Pune
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From India, Pune
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Mr.Venkat, In Pondicherry government annonced Minimum wages is Rs.80/-, Pl. see attacehd Circfular copy.
From India, Pune
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From India, Pune
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