Dear All,
I could find information on minimum wages but not on the salary. Actually, we have a security person for whom I need to determine the minimum salary range to onboard him onto the payroll. I work for a software development company with over 70 employees on the payroll.
Please reply.
Thanks,
Payal Gade
From India, Pune
I could find information on minimum wages but not on the salary. Actually, we have a security person for whom I need to determine the minimum salary range to onboard him onto the payroll. I work for a software development company with over 70 employees on the payroll.
Please reply.
Thanks,
Payal Gade
From India, Pune
Hi Payal,
Is this security guard on the company payroll? If not, then it is your contractor's responsibility for his payroll.
If yes, as per the Minimum Wages Act, the security guard's payroll should be as follows:
- Basic wages: $3400.00
- PF: 12% of basic
- Bonus: 10% of basic
- Paid holiday: 1% of basic
- 21 days paid leave: 6% of basic
- Gratuity: 4% of basic
- ESIC: (Wages + HRA + Conveyance) - 4.75%
- Labour Welfare Fund: 2.33%
- HRA: $180
- Conveyance: $220
Regards,
Jayshree
From India, Mumbai
Is this security guard on the company payroll? If not, then it is your contractor's responsibility for his payroll.
If yes, as per the Minimum Wages Act, the security guard's payroll should be as follows:
- Basic wages: $3400.00
- PF: 12% of basic
- Bonus: 10% of basic
- Paid holiday: 1% of basic
- 21 days paid leave: 6% of basic
- Gratuity: 4% of basic
- ESIC: (Wages + HRA + Conveyance) - 4.75%
- Labour Welfare Fund: 2.33%
- HRA: $180
- Conveyance: $220
Regards,
Jayshree
From India, Mumbai
Dear Friend, Before coming to conclusion u have to c whether ur premises covered under State or Central Act!!!
From India, Vadodara
From India, Vadodara
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