P F Coverage Under The Act.

sharma nk
Hi seniors, at present employees drawing salary above 15,000/- are exempted but what about employees, working on Daily Wages for e.g. Rs.600/-per day. If they work for 26 days in a month the total salary payable is Rs.15,600/- and if they work for 24 days the total salary payable is Rs.,14,400/- how can we solve this kind of situation,please advise, With Regards, N K SHARMA
stephen_7
You will be calculating daily wages as average of 26 days while calculating bonus, gratuity or wage settlements and for statutory purpose. But when it comes to paying salary, you have to calculate daily wage as 15000/24 or 15000/26 or 15000/27.
you can fix average daily wage as 600/-. but not fixed.
saswatabanerjee
Hi
In order to compute monthly wages, you need to multiply daily wages by 26 (number of working days for normal period). However, under minimum wages act, you are also required to,pay employees for weekly off. Any person who has worked for 6 days is to be paid for the 7th day also. So, probably the wages to be paid are 600 x 30 not 26
sandy moving ON
In such case per day avg wage will reduce if we count wages for off day as well
saswatabanerjee
But, is the original poster talking of average wages or is he talking of a per day rate that is being paid to the workers?
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