Comparison Of Salary With The Minimum Wages - DOC Download

Dear All,
I want to find out that whether salary of employees of the organization is according to minimum wages or not?
Can anybody tell me how can I compare their salary with the minimum wages?
I have the rates of minium wages applicable for my zone.
Thanks & Regards
Shweta G
28th November 2007 From India, Mumbai

HI, Minimum wages are basic +da . So if u want to compare the salary with minimum wages , take existing basic and da and compare with minimum wages. Regards, Harshad
28th November 2007 From India, Mumbai

Can somebody please send me the updated Minimum wages chart for service industry.I am working for a courier company and would like someone to mail me the minimum wages for Maharashtra.
My Id:ananaarti@gmail.com
Thanks n Regards,
Aarti
28th November 2007 From India, Pune

Thanks Harshad,
But can we compare the minimum wages with the gross salary because if only basic and DA is conidered them no body is matchin with the minimum wages.
Dear Arati
Please find the rate of minimum wages for Mahrashtra.
Thanks
Shweta
28th November 2007 From India, Mumbai

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Hi Shweta,
W can't compare minumum wages with gross , since gross will be obviously high than minimum wages. Minimum wages is basically the basic salary and DA. Gross will include all other allowances like HRA, MED, CONVEYANCE ETC, which can differ company to company. There may be other allowances under which company will pay the amount which is part of gross. Thats why minimum wages is compared only with Basic and Da. Since as per the Act one needs to pay minimum wages as per the industry specification. Over & above 5 % HRA should be paid. Rest what all amount is paid under what ever heading Act is not concern. So it has to be compared with Basic and DA.
Regards,
Harshad
28th November 2007 From India, Mumbai

hi,
I am working in Outsourcing company where we have to do salary structure according to the client wishes, they want to reduce their liability like employer contribution in PF and ESI and want to pay more to the employee ie.. NTH. In this way they reduces basic pay and increases net pay. Can any body help me how to go about it.
Regards.
29th November 2007 From India, Madras

HI
Minimum wages are annonced in all state government. The govt. time to time they are relased order also. we are follow their order. Now Pondicherry Government annonced Rs.80/- per day.
Regards
t satchi
29th November 2007 From India, Pune

Hi Sweta,
Pls read the para below may be this will help you out to understand the difference:
Minimum Wages: According to my knowledge you have to pay minimum wages as per the profile and nature of job as per the minimum wages act 1948. Otherwise it will consider as a offence to employer.
Minimum wages set by the statewise with some Particulat norms:
in simple terms- food requirement, cloth requirement, house requirement, fuel / lighting / and education of children, , medical requirement etc.
It is the amount of remuneration, which is just need to an average worker to fulfill his obligations.
Salary: Total worth you have to give an employee after job evaluation.
Regards
Vikas Kumar
29th November 2007 From India, New Delhi

Thanks Vikas & Harshad,
But I am confused, If we compare the basic & Sp. allowance with the actual Basic and all. then I still found that many of the organizations are not paying their employees according to Minimum Wages.
How can it be possible.
Pl. Clarify.
Sorry nishant I am not able to recollect the name for the web site.
You are most welcome Arati
With lots of Regards
Shweta G
29th November 2007 From India, Mumbai

Dear Sweta Thanks for forwarding valuable info. One thing i wanted to ask you is that why you’ve added special allowance in each class of industry. DHAMEJA
29th November 2007 From India, Calcutta