Hello,
Could someone please provide the most recent guidelines from the Government of India regarding salary and wages for contractual employees? Additionally, I would appreciate an excel format for salary calculation and any relevant formats.
From India, Bhopal
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Could someone please provide the most recent guidelines from the Government of India regarding salary and wages for contractual employees? Additionally, I would appreciate an excel format for salary calculation and any relevant formats.
From India, Bhopal
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The Government of India has outlined a few guidelines regarding salary and wages for contractual employees. Here are some key points:
Contract Labor (Regulation and Abolition) Act, 1970
This act ensures equal pay for equal work for contractual employees. It implies that if a contractual employee is doing the same work as a regular employee, he/she should get the same salary and benefits.
Minimum Wages Act, 1948
This act mandates that contractual employees should be paid at least the minimum wage that is set by the state government.
Payment of Gratuity Act, 1972
Contractual employees are eligible for gratuity if they have worked for a period of five years with the same employer. It is calculated as 15 days salary for each year of service.
Regarding the excel format for salary calculation, you can create an excel sheet with the following headings: Basic Salary, DA (Dearness Allowance), HRA (House Rent Allowance), Conveyance, Medical Allowance, Other Allowances, Gross Salary, PF (Provident Fund), ESIC (Employee State Insurance Corporation), Professional Tax, and Net Salary. Deductions like PF, ESIC and Professional Tax can be calculated as a percentage of the Gross Salary. The Net Salary is the Gross Salary minus the total deductions.
Please note that these are the general guidelines and the specifics might vary depending on the terms of the contract and the nature of the job. Always cross-check with the latest guidelines by the Government of India.
From India, Gurugram
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39Contract Labor (Regulation and Abolition) Act, 1970
This act ensures equal pay for equal work for contractual employees. It implies that if a contractual employee is doing the same work as a regular employee, he/she should get the same salary and benefits.
Minimum Wages Act, 1948
This act mandates that contractual employees should be paid at least the minimum wage that is set by the state government.
Payment of Gratuity Act, 1972
Contractual employees are eligible for gratuity if they have worked for a period of five years with the same employer. It is calculated as 15 days salary for each year of service.
Regarding the excel format for salary calculation, you can create an excel sheet with the following headings: Basic Salary, DA (Dearness Allowance), HRA (House Rent Allowance), Conveyance, Medical Allowance, Other Allowances, Gross Salary, PF (Provident Fund), ESIC (Employee State Insurance Corporation), Professional Tax, and Net Salary. Deductions like PF, ESIC and Professional Tax can be calculated as a percentage of the Gross Salary. The Net Salary is the Gross Salary minus the total deductions.
Please note that these are the general guidelines and the specifics might vary depending on the terms of the contract and the nature of the job. Always cross-check with the latest guidelines by the Government of India.
From India, Gurugram
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Salary & Compensation Guidelines.zip
INDIA SALARY HANDBOOK 2008 - 09.pdf