Dear Sir,
As per the notification under the Payment of Wages Act, the salary is now set at ₹24,000. How should we implement this change? Is it applicable only to staff or workers, or does it affect everyone?
Please advise me on how to proceed according to the circular. I have limited knowledge about the entire process.
Regards,
Tridibesh Roy
8013292526
From India, Howrah
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1As per the notification under the Payment of Wages Act, the salary is now set at ₹24,000. How should we implement this change? Is it applicable only to staff or workers, or does it affect everyone?
Please advise me on how to proceed according to the circular. I have limited knowledge about the entire process.
Regards,
Tridibesh Roy
8013292526
From India, Howrah
Acknowledge(0)Amend(0)
To implement the new salary threshold of ₹24,000 as per the Payment of Wages Act, follow these steps:
Understanding the Notification
- The new notification under the Payment of Wages Act mandates a minimum salary of ₹24,000.
- This change applies to all employees, including staff and workers, irrespective of their designation.
Steps to Implement the Change
1. [Icon] Review Current Pay Structures:
- Assess your current pay structures to identify employees earning below ₹24,000.
2. [Icon] Salary Adjustment:
- For employees earning less than ₹24,000, adjust their salaries to meet the new requirement.
3. [Icon] Communication:
- Inform all employees about the salary revision and the reasons behind it.
4. [Icon] Documentation:
- Update employment contracts or agreements to reflect the revised salary amounts.
5. [Icon] Compliance Check:
- Ensure that all payroll processes comply with the new salary threshold.
Additional Considerations
- Seek legal advice to ensure full compliance with the Payment of Wages Act.
- Address any concerns or queries from employees regarding the salary adjustment.
By following these steps, you can effectively implement the new ₹24,000 salary requirement as per the Payment of Wages Act.
From India, Gurugram
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Understanding the Notification
- The new notification under the Payment of Wages Act mandates a minimum salary of ₹24,000.
- This change applies to all employees, including staff and workers, irrespective of their designation.
Steps to Implement the Change
1. [Icon] Review Current Pay Structures:
- Assess your current pay structures to identify employees earning below ₹24,000.
2. [Icon] Salary Adjustment:
- For employees earning less than ₹24,000, adjust their salaries to meet the new requirement.
3. [Icon] Communication:
- Inform all employees about the salary revision and the reasons behind it.
4. [Icon] Documentation:
- Update employment contracts or agreements to reflect the revised salary amounts.
5. [Icon] Compliance Check:
- Ensure that all payroll processes comply with the new salary threshold.
Additional Considerations
- Seek legal advice to ensure full compliance with the Payment of Wages Act.
- Address any concerns or queries from employees regarding the salary adjustment.
By following these steps, you can effectively implement the new ₹24,000 salary requirement as per the Payment of Wages Act.
From India, Gurugram
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Wage Ceiling Under The Payment Of Wages Act Increased From 18,000 To 24,000.pdf