Respected Seniors, Kindly let me know that, what should be minimum basic salary we can take for an employee as minimum wages in Delhi is 8600/-. Ex. - 3000/-, 3500/-, 4000/-.
From India, Mumbai
Acknowledge(1)
Amend(0)
2From India, Mumbai
Acknowledge(1)Amend(0)
The minimum wage rate fixed under the Minimum Wages Act has two components: Basic wage and special allowance/VDA. The Spl. Allowance/VDA is revised every six months by the State Government/Central Government. The Basic Wage is also revised with a gap of a few years. If you refer to the Minimum Wages Act of the Delhi Government, you will find the existing Basic Wage amount.
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
Regards
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Mr. Nair, As given in post, minimum wages in Delhi are 8600/-. My query is that, how much basic salary we can show in salary slip (Minimum to minimum).
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Hi, You may pay any amount to your employee(s) but cannot pay less than the minimum wages notified by the state govt. You may act accordingly. Thanks and regards S.K.Johri
From India, Delhi
Acknowledge(1)
Amend(0)
From India, Delhi
Acknowledge(1)Amend(0)
hi, keep 50% of gross salary in the basic in this case no inspection in future will raise problems like pf inspection etc
From India, Chennai
Acknowledge(1)Amend(0)
From India, Chennai
Acknowledge(1)Amend(0)
In my opinion, if the minimum wage is ₹8,600, it means that you cannot set the basic salary plus VDA (Variable Dearness Allowance) to be less than the minimum wage. The minimum wage itself implies that it should not be less than this amount. If you are offering ₹8,600 only, then no other components can be added, such as HRA (House Rent Allowance), Conveyance, etc. You have to pay at least Basic + VDA (or only basic) = not less than ₹8,600 in your region. Please correct me, seniors, if I am wrong.
From United States
Acknowledge(0)Amend(0)
From United States
Acknowledge(0)Amend(0)
There are a few issues here. ₹8600 is for 26 days under the MW Act. Thus, arrive at the daily rate. That's the minimum wage rate per day.
Bifurcation of Monthly or Daily Rate
If you want to bifurcate the monthly or daily rate into basic plus components, find out the DA pattern that can be implemented in such a way that the basic plus DA amount under that particular pattern matches the total MW amount, as the DA pattern may have to be maintained regularly. Otherwise, simply follow the basic of MW and show the allowance separately as declared by the Government.
Hope, now you are clear.
From India, Mumbai
Acknowledge(1)Amend(0)
Bifurcation of Monthly or Daily Rate
If you want to bifurcate the monthly or daily rate into basic plus components, find out the DA pattern that can be implemented in such a way that the basic plus DA amount under that particular pattern matches the total MW amount, as the DA pattern may have to be maintained regularly. Otherwise, simply follow the basic of MW and show the allowance separately as declared by the Government.
Hope, now you are clear.
From India, Mumbai
Acknowledge(1)Amend(0)
If we bifurcate as given below. Basic - 3500, HRA - 1750 Spl. allowance - 3350. Is it correct ????
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Minimum Wage of UP & UK.pdf