Seniors, please tell me what the statutory day is for disbursing the salary of a company. Is there any statutory ceiling on salary in this regard? What is the rule for payment of salary/wages?
Regards,
Vijayakrishnan
From India, Hyderabad
Acknowledge(0)
Amend(0)
Regards,
Vijayakrishnan
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Vijayakrishnan,
As per the Payment of Wages Act 1936, the due date of salary is within 7 days after the completion of the month if the number of employees is below 1000. If the number of employees is 1000 or above, payment should be made within 10 days. The ceiling of the salary as per the Payment of Wages Act w.e.f. 8.8.2007 is Rs. 10,000.
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
530As per the Payment of Wages Act 1936, the due date of salary is within 7 days after the completion of the month if the number of employees is below 1000. If the number of employees is 1000 or above, payment should be made within 10 days. The ceiling of the salary as per the Payment of Wages Act w.e.f. 8.8.2007 is Rs. 10,000.
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
1 Amendment to The Payment of Wages Act to pay Salary by Cheque or NEFT.pdf
Wages Salary PB Act.jpg
SELF-CERTIFICAT E PROFORMA FOR I.T. (HARDWARE) UNITS UNDER THE PAYMENT OF WAGES ACT, 1936.doc