Hi seniors, at present employees drawing salary above 15,000/- are exempted but what about employees, working on Daily Wages for e.g. Rs.600/-per day. If they work for 26 days in a month the total salary payable is Rs.15,600/- and if they work for 24 days the total salary payable is Rs.,14,400/- how can we solve this kind of situation,please advise, With Regards, N K SHARMA
From India, Chandigarh
3From India, Chandigarh
You will be calculating daily wages as average of 26 days while calculating bonus, gratuity or wage settlements and for statutory purpose. But when it comes to paying salary, you have to calculate daily wage as 15000/24 or 15000/26 or 15000/27.
you can fix average daily wage as 600/-. but not fixed.
From India, Chennai
you can fix average daily wage as 600/-. but not fixed.
From India, Chennai
Hi
In order to compute monthly wages, you need to multiply daily wages by 26 (number of working days for normal period). However, under minimum wages act, you are also required to,pay employees for weekly off. Any person who has worked for 6 days is to be paid for the 7th day also. So, probably the wages to be paid are 600 x 30 not 26
From India, Mumbai
In order to compute monthly wages, you need to multiply daily wages by 26 (number of working days for normal period). However, under minimum wages act, you are also required to,pay employees for weekly off. Any person who has worked for 6 days is to be paid for the 7th day also. So, probably the wages to be paid are 600 x 30 not 26
From India, Mumbai
In such case per day avg wage will reduce if we count wages for off day as well
From United States, Cambridge
From United States, Cambridge
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Amendment to Payment of Bonus Act 2015.jpg
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf