12th December 2018 From India, Kannur
Our establishment is in Kozhikode. As per Kerala Minimum Wages Act - please confirm the following is correct.
Basic : 5655
Variable DA : 4115 ( CPI - 323, above 130 @ 21.32 per point -- 323-130=193*21.32 = 4114.76 --> 4115)
Service Weightage : 735 (5655 * .13 = 735 --> 13 years of service - 1% per year)
Corporation allowance : 200
Total : 10705.00
Less: ESI Employee contribution @ 1.75% of 10705.00 = 187.00
Net Payable : 10518.00
(Note: Since the employee strength is less than 20 No PF to our firm)
a. What is the yearly increment to be given for next year? Is there any minimum amount or percentage for yearly increment?
b. Is it compulsory to merge the DA with Basic after 1 year or so..
c. Is there any more deductions or additions on the above workings.
d. Bonus : If the full attendance : 10705 per annum - full 1 month salary or 9770 (only Basic + DA) - which is applicable?
e. Professional Tax as per Corporation Norms - we will deduct & remit half yearly basis
our is a PVT Ltd Company... Is there any other things changes in the calculation on the above or any other laws applicable?
Please help me
18th December 2018 From India,
There is no merger of Basic with DA. Such merger will happen only when a new series of CPI is adopted by the government to fix the DA and this will happen only during the revision of minimum wages rates. The employer, anyway, has nothing to do in it. Therefore, until a new notification is made effective, the DA at the prescribed rate will continued to be paid.
Since yours is not an establishment coming under the EPF, there is no other deduction. However, there is a payment towards Kerala Labour Welfare Fund to be made TWICE in a year payable in every January and July 15th. The amount is Rs 12 per employee per half year and of this Rs 12 ,Rs 4 can be deducted from the salary of the employee.
Bonus will be on the minimum wages
UNQUOTE: Is it possible for you to get a supervisor in Calicut paying him only ten thousand rupees when I am unable to get a labouer for fifteen thousand rupees in Cochin!!!!
Madhu T K
19th December 2018 From India, Kannur