Partner - Risk Management
Assistant Manager - Hr
Sr. Executive Hr
Hr & Admin
27th May 2014 From India, Mumbai
That minimum wages payable per month can be bifurcated as Basic and other allowances as per the company policy. or
You can pay lump sum amount as wages. it should not be less than the minimum wages.
28th May 2014 From India, Hyderabad
As you all said that Basic+DA which is we call basic exactly. then why DA is not compulsory. what is the reason of this. anyone please elaborate it for a general knowledge point of view. Also if possible please share some views on minimum salary wages. on what criteria it has been set??
29th May 2014 From India, Gurgaon
statistics section of the Labour Department (Office of the District Labour Officer) in your State/District.
As regards Dearness allowance, companies adopt various methods. Some companies split up Dearness allowance
as FDA (Fixed DA)- a certain percentage of basic salary and Variable DA (VDA)- which is arrived at on the basis of
Consumer Price index numbers received from Labour Bureau, Shimla.
Whether you have Dearness allowance component or not, the total emoluments should be greater than or equal to
the minimum wages declared by the authority applicable to your industry in your State- this is to be borne in mind.
R K Nair
29th May 2014 From India, Aizawl