thatsmeajit1983if you are engaged any business specified in Central category like (Insurance, Telecom, Central Govt. Institutions) you are liable to pay central govt. Minimum wages equal for PAN India.
other wise Minimum wages for the respective state will be applicable
From India, Lucknow
Nagarkar Vinayak LDear colleague,
1 The minimum wages of the respective States will have to be followed if the Act is .applicable in each state.
2 I suggest, for the first time you find out which state gives the highest min wages and add to that likely changes in D.A. in a year, considering the trend of increase/decrease for past two years and pay uniformly to all employees pan India in that category.
3 Review every year , and revise the wages based on changes in the DA .
From India, Mumbai
You need to pay salary as per respective states minimum wages. If your business falls under central category, then you need to pay central minimum wages. Every state periodically publish minimum wages in their gazette.
Also you need to maintain registers and records for every states.
From India, Bangalore
Anonymouswe are an NBFC -MFI having presence in maharashtra, gujarat, rajasthan & Haryana with branches in different cities in the state .
Our entry level field employees do sourcing loan and collection of EMI . They use TAB for that process . we have classified them as skilled workers . However some of our peer companies have classified them as semiskilled .
As per minimum wages ACT should we consider them as skilled or unskilled workers ?
Also how do i know to which zone we should classify ourself....Zone 1 , Zone 2 or Zone 3
From India, Mumbai
PavanactivState wise minimum wages are applicable... Only few industries fall under Central Act like Oil & Gas, Railways etc... Example - Indian Railways, Oil India Corporation, ONGC etc..
From India, Hyderabad