Dear seniors, On the site HR, I came to know that the Delhi minimum wage is being increased from 6422 to 6656 Rs per month. After reading this, I informed my HO regarding this. Now, I received a mail from HO: "Please give me the DA amount of Delhi as the minimum wage has been increased in Delhi."
Previously, we were paying Basic - 6084 Rs + DA - 338 Rs, when the minimum wage was 6422 Rs. In the same forum where I came to know about the increased minimum wage, it was mentioned that the minimum wage is increased due to an increase in DA by 3.65%.
Now, what reply should I give to HO as I am not able to open the attachment of that forum, and the Delhi Labour Department website is showing only old rates? Please guide.
From India, Pune
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2Previously, we were paying Basic - 6084 Rs + DA - 338 Rs, when the minimum wage was 6422 Rs. In the same forum where I came to know about the increased minimum wage, it was mentioned that the minimum wage is increased due to an increase in DA by 3.65%.
Now, what reply should I give to HO as I am not able to open the attachment of that forum, and the Delhi Labour Department website is showing only old rates? Please guide.
From India, Pune
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Dear Anil,
Thanks for providing detailed information. My other query is:
Previously, we were paying Basic - 6084 Rs + DA - 338 Rs when the minimum wage was 6422 Rs (monthly - for 26 days). At that time, deducting 771 Rs as employee contribution for EPF + 113 Rs for ESIC, the employee's net salary was 5538 Rs.
If we make the changes, it would be Basic - 4680 Rs + DA - 1976 Rs, and the minimum wage would be 6656 Rs (monthly - for 26 days). The employee's share for EPF would be 799 Rs + 117 Rs for ESIC. The employee will get a net salary of 5540 Rs.
Is the above calculation correct? Is our company following the right method for salary calculation? Please guide.
Regards
From India, Pune
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Thanks for providing detailed information. My other query is:
Previously, we were paying Basic - 6084 Rs + DA - 338 Rs when the minimum wage was 6422 Rs (monthly - for 26 days). At that time, deducting 771 Rs as employee contribution for EPF + 113 Rs for ESIC, the employee's net salary was 5538 Rs.
If we make the changes, it would be Basic - 4680 Rs + DA - 1976 Rs, and the minimum wage would be 6656 Rs (monthly - for 26 days). The employee's share for EPF would be 799 Rs + 117 Rs for ESIC. The employee will get a net salary of 5540 Rs.
Is the above calculation correct? Is our company following the right method for salary calculation? Please guide.
Regards
From India, Pune
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Dear all seniors,
Previously, the minimum wage was 6,422, and I was deducting PF based on that amount. However, the minimum wage has now increased to 6,656, and the ceiling of PF contribution is 6,500. Should I continue to deduct the PF or not? Please help me with this as soon as possible.
Thank you,
Ranjan
[Phone Number Removed For Privacy Reasons]
From India, Delhi
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Previously, the minimum wage was 6,422, and I was deducting PF based on that amount. However, the minimum wage has now increased to 6,656, and the ceiling of PF contribution is 6,500. Should I continue to deduct the PF or not? Please help me with this as soon as possible.
Thank you,
Ranjan
[Phone Number Removed For Privacy Reasons]
From India, Delhi
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Salary Sheet & PF PT Calculation & Challan.xls