Dear All,
I want to understand whether HRA is a part of minimum wages as defined in the MW Act. I understand that HRA has to be 5% of Basic + DA. Please let me know under which notification this has been notified in Maharashtra.
Wages as per the MW Act are inclusive of all allowances. Can HRA be included to arrive at minimum wages?
Thanks,
Suresh
From India, Nagpur
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10I want to understand whether HRA is a part of minimum wages as defined in the MW Act. I understand that HRA has to be 5% of Basic + DA. Please let me know under which notification this has been notified in Maharashtra.
Wages as per the MW Act are inclusive of all allowances. Can HRA be included to arrive at minimum wages?
Thanks,
Suresh
From India, Nagpur
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Hi,
I need information on minimum wages. Please let me know what components should be considered for minimum wages. Is it only the basic pay that needs to match the minimum wage ceiling, or should HRA and other allowances also be taken into account?
I need advice and any references from where I can get these details.
Viranchi
From India, Hyderabad
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I need information on minimum wages. Please let me know what components should be considered for minimum wages. Is it only the basic pay that needs to match the minimum wage ceiling, or should HRA and other allowances also be taken into account?
I need advice and any references from where I can get these details.
Viranchi
From India, Hyderabad
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hey Seniors , Looking for the info on min Wages............ Advise required .......from labour laws experts.......... Viranchi
From India, Hyderabad
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From India, Hyderabad
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Hi According to Minimum wages act it talks only about Basic+DA It means minimum wage is just Basi+ DA no other components
From India, Bangalore
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From India, Bangalore
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Dear Vasu,
According to the Minimum Wages Act, it only considers Basic+DA. This means that the minimum wage consists of only Basic + DA, with no other components.
As far as I know, the Minimum Wages state that a specific amount of money is to be paid. It does not specify that the basic should be the amount mentioned in the Minimum Wages. Additionally, there is no restriction on what the basic pay should be, but overall, the total amount should equal the minimum wages required to be paid based on the category of work.
I kindly request other members to correct me if I am mistaken and to provide encouragement if I am correct, so that I may continue helping in this regard.
Thank you.
From India, Calcutta
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According to the Minimum Wages Act, it only considers Basic+DA. This means that the minimum wage consists of only Basic + DA, with no other components.
As far as I know, the Minimum Wages state that a specific amount of money is to be paid. It does not specify that the basic should be the amount mentioned in the Minimum Wages. Additionally, there is no restriction on what the basic pay should be, but overall, the total amount should equal the minimum wages required to be paid based on the category of work.
I kindly request other members to correct me if I am mistaken and to provide encouragement if I am correct, so that I may continue helping in this regard.
Thank you.
From India, Calcutta
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If anyone tells me that HRA is compulsory and what is the minimum limit for HRA? Also, please provide details of the components of CTC with the minimum limit in Uttar Pradesh and other states. If possible, please send me a good format.
I would be sincerely grateful to all the members.
Basic=
HRA=
DA=
Other Allowance=
Conveyance=
ESI=
PF=
TDS=
Professional Tax=
Bonus=
Gross Salary=
Regards,
Deepak
From India, Calcutta
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I would be sincerely grateful to all the members.
Basic=
HRA=
DA=
Other Allowance=
Conveyance=
ESI=
PF=
TDS=
Professional Tax=
Bonus=
Gross Salary=
Regards,
Deepak
From India, Calcutta
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Dear,
Payment of HRA is not compulsory at all. However, in the case of employees receiving salaries at a higher range, we take income tax points into consideration. From an income tax perspective, pay 40 percent as HRA because tax can be exempted on the same.
Thanks,
J S Malik
From India, Delhi
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Payment of HRA is not compulsory at all. However, in the case of employees receiving salaries at a higher range, we take income tax points into consideration. From an income tax perspective, pay 40 percent as HRA because tax can be exempted on the same.
Thanks,
J S Malik
From India, Delhi
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Understanding House Rent Allowance (HRA)
HRA, or House Rent Allowance, is provided to employees. It is a part of the salary, but employers are not obligated to include HRA as a component of the salary. However, it is considered in the ESI deduction.
Thanks
From India, Jammu
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HRA, or House Rent Allowance, is provided to employees. It is a part of the salary, but employers are not obligated to include HRA as a component of the salary. However, it is considered in the ESI deduction.
Thanks
From India, Jammu
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If any one tell me that HRA is compulsory ..And what is Basic & HRA minimum limit% As per Panjab Minimum Wages Act Regards, Syamala
From India, Hyderabad
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From India, Hyderabad
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Karnataka Minimum Wages Attention ofl affected employers. HR, Lega, Compensation professionals.p df