Dear All,
Please let me know what is the minimum basic salary according to the law? Can HRA be equal to Basic? What is the minimum gross salary for all the Indian states according to the law? In case of any violation of minimum wages, what needs to be done? Kindly let me know all these things.
From India, Mumbai
Acknowledge(0)
Amend(0)
Please let me know what is the minimum basic salary according to the law? Can HRA be equal to Basic? What is the minimum gross salary for all the Indian states according to the law? In case of any violation of minimum wages, what needs to be done? Kindly let me know all these things.
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Sampad,
Minimum wages will differ by region and according to the work carried out and types of manufacturing. So, you can browse the minimum wages PDF on the internet and use it.
Basic and HRA cannot be equal, as Basic is the minimum guarantee of the monthly remuneration, while HRA stands for House Rent Allowance. In India, most companies do not have the HRA component in their salary structure.
In case of any violation of minimum wages, you will be questioned by the Inspector of Factories. If you do not rectify the issue promptly, you may face penalties.
Thanks,
Shivam
From India, New Delhi
Acknowledge(0)Amend(0)
8Minimum wages will differ by region and according to the work carried out and types of manufacturing. So, you can browse the minimum wages PDF on the internet and use it.
Basic and HRA cannot be equal, as Basic is the minimum guarantee of the monthly remuneration, while HRA stands for House Rent Allowance. In India, most companies do not have the HRA component in their salary structure.
In case of any violation of minimum wages, you will be questioned by the Inspector of Factories. If you do not rectify the issue promptly, you may face penalties.
Thanks,
Shivam
From India, New Delhi
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.
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls