What is the minimum wage rate for skilled and unskilled laborers in Karnataka, and how much do we have to deduct for PF amount from laborers working on the minimum wage rate? We are contractors in a steel plant. Is the basic amount in the minimum wage rate used for PF deduction?
From India, Bangalore
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From India, Bangalore
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Dear,
To know the latest minimum wage rates in Karnataka, you can visit the nearest office of the labor department near you. Apart from this, provident fund contribution is required to be deducted at least on the minimum wage of the worker if he has been paid with minimum wages, and the higher amount if paid with a higher wage (Basic), subject to a maximum of Rs. 6500/- (Basic). Minimum wage is the basic salary for deducting PF contribution.
From India, Gurugram
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118To know the latest minimum wage rates in Karnataka, you can visit the nearest office of the labor department near you. Apart from this, provident fund contribution is required to be deducted at least on the minimum wage of the worker if he has been paid with minimum wages, and the higher amount if paid with a higher wage (Basic), subject to a maximum of Rs. 6500/- (Basic). Minimum wage is the basic salary for deducting PF contribution.
From India, Gurugram
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PF Contribution on not less than Minimum Wage.pdf