Dear All,
1) Please let me know, what component we need to take while fulfilling the criteria of Minimum Wages?
Whether Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
Minimum Wages = Basic Wages + Special Allowance
2) If Company has its own Appretice/Training Program of 3 year and it want to give 75% of Minimum Wages as Stipend/Training Allowance then What component we need to consider:
Whether 75% of Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
75% of Minimum Wages = Basic Wages + Special Allowance
Awaiting for you all early reply.
Regards,
Avinash K.
From India, Mumbai
601) Please let me know, what component we need to take while fulfilling the criteria of Minimum Wages?
Whether Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
Minimum Wages = Basic Wages + Special Allowance
2) If Company has its own Appretice/Training Program of 3 year and it want to give 75% of Minimum Wages as Stipend/Training Allowance then What component we need to consider:
Whether 75% of Minimum Wages = Basic Wages + Special Allowance + 5% HRA
Or
75% of Minimum Wages = Basic Wages + Special Allowance
Awaiting for you all early reply.
Regards,
Avinash K.
From India, Mumbai
Hi!
1) The gross salary should meet the minimum wages figure. It could be Basic+Any allowance. Therefore, Minimum wages = gross salary. but basic salary should be at least 40% or more of the total gross salary.
2) The rate of apprentice fees are as follow:Sl. No.
Candidate’s minimum Educational Qualification required for being Engaged as an apprentice
Category of Apprentice
Monthly Stipend
1.
Engineering Graduate
Graduate Apprentice
Rs.2600/-
2.
Sandwich Course Student of Engineering College
Graduate Apprentice (Sandwich)
Rs.1850/-
3.
Diploma Holder in Engineering
Technician Apprentice
Rs.1850/-
4.
Sandwich Course Student of Polytechnic College
Technician Apprentice (Sandwich)
Rs.1510/-
5.
(10+2) Vocational Certificate Holder
Technician (Vocational) Apprentice
Rs.1440/-
Hope this will help.
From India, New Delhi
1) The gross salary should meet the minimum wages figure. It could be Basic+Any allowance. Therefore, Minimum wages = gross salary. but basic salary should be at least 40% or more of the total gross salary.
2) The rate of apprentice fees are as follow:Sl. No.
Candidate’s minimum Educational Qualification required for being Engaged as an apprentice
Category of Apprentice
Monthly Stipend
1.
Engineering Graduate
Graduate Apprentice
Rs.2600/-
2.
Sandwich Course Student of Engineering College
Graduate Apprentice (Sandwich)
Rs.1850/-
3.
Diploma Holder in Engineering
Technician Apprentice
Rs.1850/-
4.
Sandwich Course Student of Polytechnic College
Technician Apprentice (Sandwich)
Rs.1510/-
5.
(10+2) Vocational Certificate Holder
Technician (Vocational) Apprentice
Rs.1440/-
Hope this will help.
From India, New Delhi
Hi Amit,
Thanks for the prompt reply.
This is applicable to the certain states and also as per Apprenticeship Act.
When the Apprentice Training Module is not as per the Apprenticeship Act and the company is having its own training module for their apprentices i.e. not a standard Turner, Fitter Diesel Mechanics etc. some other industry specific skill/job, then what????
regards,
Avinash
From India, Mumbai
Thanks for the prompt reply.
This is applicable to the certain states and also as per Apprenticeship Act.
When the Apprentice Training Module is not as per the Apprenticeship Act and the company is having its own training module for their apprentices i.e. not a standard Turner, Fitter Diesel Mechanics etc. some other industry specific skill/job, then what????
regards,
Avinash
From India, Mumbai
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Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls