Minimum Wages [Thread 43979]

Dear All,
1) Please let me know, what component we need to take while fulfilling the criteria of Minimum Wages?
Whether Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
Minimum Wages = Basic Wages + Special Allowance
2) If Company has its own Appretice/Training Program of 3 year and it want to give 75% of Minimum Wages as Stipend/Training Allowance then What component we need to consider:
Whether 75% of Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
75% of Minimum Wages = Basic Wages + Special Allowance
Awaiting for you all early reply.
Regards,
Avinash K.

:)Dear Samvedan,
Really appreciate your comments on the same. if you can send the copy of the judgment to me by mail (Scanned copy) or Fax the same on 022-2206 4170.
Pls quote" Kind attention Mr. Ajit/ Mr. Sujit"
I will be obeliged to you, if you can provide your contact details for further correspondence.
my contact e-Mail id is: [Login to view]
Waiting for your kind responce and revert.
Thanks with regards,
Sujit.

Dear Minimum Wages Seeker,

Appended statement is the Current Minimum Wages of S & E - Maharashtra.

SHOP AND COMMERCIAL ESTABLISHMENTS (Maharashtra) FOR THE PERIOD 01/01/2009 TO 30/06/2009Classification of the employeesSkilledSemi-skilledUn-skilledZonesIIIIIIIIIIIIIIIIIICalculation of Dearness Allowance for the year 2006Average points for the year 2005714.00714.00714.00714.00714.00714.00714.00714.00714.00Base points501.00501.00501.00501.00501.00501.00501.00501.00501.00Difference points213.00213.00213.00213.00213.00213.00213.00213.00213.00Rate of Variable Dearness allowance4.104.104.104.104.104.104.104.104.10Cost of Living Allowance(Special Allowance)873.30873.30873.30873.30873.30873.30873.30873.30873.30Calculation of Basic for the year 2007-2008Basic 3330.003230.002930.003230.003130.002830.003130.003030.002730.00Calculation of Wage for the year 2007-2008Minimum wages 4203.304103.303803.304103.304003.303703.304003.303903.303603.30Minimum wage per day 161.67157.82146.28157.82153.97142.43153.97150.13138.59Minimum wage per day
(rounded to nearest rupee)161.70157.90146.30157.90154.00142.50154.00150.20138.60Note:Daily wages = Monthly wages divided by 26Zone IMunicipal Corporation of Greater MumbaiZone IIA and B grade Municipal CouncilsZone IIIAll other areas in the state other than Zone I and II

Dear Mr.Samdevan,
Can I have your contact number please.
Regards,
Prashanth H.R.
9008979797
BANGALORE

Hi Samvedan,
I appriciate your knowlwdge.
Can you let me know; how & where could I get latest updates for labour legislation & other issues on mail?
Please mail me on some suggestions on [Login to view]
Regards,
Sagar.

I do not have a soft copy of the said jusdgment, but I can mail a hard copy to whatever address you provide. Akternatively just check up with company advocate and he will be able to give you a hrad copy anyway!

Minimum Wages Includes the Minimum Wages declaired by the govt + Special allowance declaired by govt. + HRA 5% if the act is applicable (it is a special act in Maharashtra), You cannot bifurgate the above amount in various Allowances but you can give it over and above of the same.
The Minimum Baisc and Special Allowance will attract the statutory deduction like PF, ESIC, PT as well

It is amply clear that wage and DA or ADA or VDA put together meant for PF, ESI and Bonus etc. Regards.