The amount which is mentioned in minimum wages act should be considered as Basic or in hand ?
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Minimum wages or any wage means the gross wages. Minimum wages adherence will depend on the rate of wages, & not wages earned.
From India, Mumbai
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274From India, Mumbai
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Dear colleague,
The wages prescribed under the Minimum Wages Act are the rates of wages and not take-home wages, meaning that statutory deductions such as ESI, PF, professional tax, etc., are required to be made from it.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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The wages prescribed under the Minimum Wages Act are the rates of wages and not take-home wages, meaning that statutory deductions such as ESI, PF, professional tax, etc., are required to be made from it.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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Minimum wages- Basic.pdf
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