Arunmjadhav
Assistant Manager-hrd
Sherkhan B. Pathan
Vice President
Radhu.sima
Proprietor - R N I Associates
+2 Others

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Respected Seniors, I am confused with the above circular received from Govt of Maharashtra I need proper & perfect interpretation for the same. Kindly guide me for above circular Arun J.

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Hi, Arun
I have also face the same problem, after discussion with various consultants and officers, I have attaching herewith the some working, but not sure I am also trying to discussed with other Government officials. This is for information only, please take suggestion before taking final decision.
Please suggest the correct calculations.
Regards

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File Type: xls Min Wages_2014.xls (27.5 KB, 251 views)

What is the DA to be added to the Basid as in the circular ?
Hi,
The DA is same as COLA (Cost of Living Allowance), i.e. average rate of Rs. 28 across all categories of workers applicable after the circular is released in July 2014, as per the circular.
Regards,
Radhika
Hi,
Just a few suggestions - There is no such thing as Gross CTC. CTC as component is Gross Pay + Employer contribution to various Social Service Benefits provided to the employee including PF, ESI, Gratuity (if being allocated). Please compute CTC Separately.
Regards,
Radhika
Dear All,
Minimum wages for Engineering Company of Skilled employee is Rs. 7200/ PMas per revised notification. This is only the wages (exclusive of HRA, DA etc) for 26 days or what is added with this like HRA, DA etc. Please let me know.
Regards.
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