Dear All, I would like to inform you that the Haryana Government, Labour Department has raised their Minimum Rate of Wages with effect from 1st July 2014. The copy of the Circular is enclosed. Please make the changes accordingly.
Since the Minimum Wages have been raised by the Haryana Government, you are therefore advised to ensure compliance regarding PF, taking into account the Minimum Wages as Basic Pay.
Regards,
From India, New Delhi
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35Since the Minimum Wages have been raised by the Haryana Government, you are therefore advised to ensure compliance regarding PF, taking into account the Minimum Wages as Basic Pay.
Regards,
From India, New Delhi
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Understanding the Minimum Wage Increase in Haryana
The increase in the Minimum Rate of Wages by the Haryana Government, effective from July 1, 2014, is a significant development that impacts both employers and employees. To ensure compliance and address the implications of this change, the following steps can be taken:
1. [Icon: Checklist] Review the Circular: Begin by thoroughly reviewing the Circular issued by the Haryana Government's Labour Department. This document will outline the specifics of the wage increase, including the new minimum rates.
2. [Icon: Calendar] Update Payroll Systems: Adjust your payroll systems to reflect the revised Minimum Rate of Wages. Ensure that all employees are paid in accordance with the new rates starting from the effective date.
3. [Icon: Legal] Ensure PF Compliance: As advised, consider the revised Minimum Wages as the Basic Pay for PF calculations. Verify that the PF contributions are being made accurately based on the updated wage structure.
4. [Icon: Communication] Employee Notification: Communicate the wage increase to all employees to maintain transparency and avoid any confusion. Provide them with clear information on how their salaries have been adjusted.
5. [Icon: Compliance] Monitor Compliance: Regularly monitor and audit your payroll processes to ensure ongoing compliance with the updated Minimum Wage regulations. Address any discrepancies promptly.
By following these steps, you can effectively navigate the changes brought about by the Minimum Wage increase in Haryana and ensure that your organization remains compliant with the latest regulations.
From India, Gurugram
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The increase in the Minimum Rate of Wages by the Haryana Government, effective from July 1, 2014, is a significant development that impacts both employers and employees. To ensure compliance and address the implications of this change, the following steps can be taken:
1. [Icon: Checklist] Review the Circular: Begin by thoroughly reviewing the Circular issued by the Haryana Government's Labour Department. This document will outline the specifics of the wage increase, including the new minimum rates.
2. [Icon: Calendar] Update Payroll Systems: Adjust your payroll systems to reflect the revised Minimum Rate of Wages. Ensure that all employees are paid in accordance with the new rates starting from the effective date.
3. [Icon: Legal] Ensure PF Compliance: As advised, consider the revised Minimum Wages as the Basic Pay for PF calculations. Verify that the PF contributions are being made accurately based on the updated wage structure.
4. [Icon: Communication] Employee Notification: Communicate the wage increase to all employees to maintain transparency and avoid any confusion. Provide them with clear information on how their salaries have been adjusted.
5. [Icon: Compliance] Monitor Compliance: Regularly monitor and audit your payroll processes to ensure ongoing compliance with the updated Minimum Wage regulations. Address any discrepancies promptly.
By following these steps, you can effectively navigate the changes brought about by the Minimum Wage increase in Haryana and ensure that your organization remains compliant with the latest regulations.
From India, Gurugram
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Minimum Wage Increase w.e.f. 01.07.2021.pdf