Dear Mrunal,
Thank you for the revised slabs for Maharashtra minimum wage notification-2013.
My query to all is the following:
The minimum wage for Shops and Establishment is as follows:
Zone I
Basic Special Allowance Total
Skilled 5800 + 1576.8 = 7377
Semi Skilled 5400 + 1576.8 = 6977
Unskilled 5000 + 1576.8 = 6577
Kindly clarify - Should the basic salary/wage for all employees, whether executive/technical service staff, be at least the minimum basic as provided above? It was also mentioned that in Maharashtra, HRA (minimum 5% of basic) should also be included. Does that mean all skilled employees will have a gross salary of Rs. 7667, semi-skilled Rs. 7247, and unskilled employees Rs. 6827? The aforementioned gross salaries include 5% HRA.
I am slightly confused as I have come across some companies under shops and establishments having much lower basics - 2500, 3500, etc. Rs. 5800 is on the higher side as beyond this gross amount, the company will incur costs on PF, ESIC, Bonus, etc., which will increase the CTC. According to this calculation, taking a minimum bonus of Rs. 3500, the CTC for employee/technical staff will not be less than Rs. 100,000 approximately.
Am I correct? Please correct me if I am wrong.