Dear Sir/Mam, Can you update me on definition of Minimum wages as per me it includes Basic + D.A.+HRA. Kindly correct me if i am wrong. Thanks & Regards cmmohla
From India, Delhi
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15From India, Delhi
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Please check the notification of minimum wages in your state. In most states the notification says basic is xxx amount, da is xxx amount. So the minimum wages is basic plus da, not basic da and hra
From India, Mumbai
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From India, Mumbai
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Minimum wages includes Basic + HRA. rest all are part of gross salary even that can be CA, DA, etc etc. Ask if any more needs to know.
From India
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From India
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As per the Minimum Wages Act of 1948, wages mean all remuneration expressible in monetary terms and payable to an employee, including House Rent Allowance but excluding the value of any house accommodation, supply of light, water, medical allowances, or any other amenity like contributions towards EPF, ESI, Gratuity, Bonus, etc.
Regards,
Ganesh.H.N
From India, Bangalore
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Regards,
Ganesh.H.N
From India, Bangalore
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Dear sir, Greetings for the day, Minimum wages is the component of basic+da rest allowances were the part of gross salary. Thanks & Regards, from, sumit kumar saxena
From India, Ghaziabad
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From India, Ghaziabad
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As per Section 4 of the Minimum Wages Act 1948, the government can fix or revise the minimum wages in any of the following ways:
1. Basic rate plus special allowance variable with the cost of living index.
2. Basic rate with or without the cost of living index and cash equivalent of concessions.
3. Basic plus cost of living allowance and cash value.
From India, Thiruvananthapuram
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1. Basic rate plus special allowance variable with the cost of living index.
2. Basic rate with or without the cost of living index and cash equivalent of concessions.
3. Basic plus cost of living allowance and cash value.
From India, Thiruvananthapuram
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
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