Dear Kamal,
Greetings for the day,
The minimum basic to be fix should be minimum wages of the state as described by the state time to time like in UP
US- 4163.98( montly) or 160.15(daily)
The fix basic should be Rs. 4163 which is the component of basic +da/vda which is neither be bifurcated nor can be consider less.
thanks & regards,
From,
Sumit Kumar saxena,
+91-9899669071, 0120-4131277
From India, Ghaziabad
252Greetings for the day,
The minimum basic to be fix should be minimum wages of the state as described by the state time to time like in UP
US- 4163.98( montly) or 160.15(daily)
The fix basic should be Rs. 4163 which is the component of basic +da/vda which is neither be bifurcated nor can be consider less.
thanks & regards,
From,
Sumit Kumar saxena,
+91-9899669071, 0120-4131277
From India, Ghaziabad
Dear all
I beg to differ with Mr Saxena for the reasons that the Min Wages are inclusive of HR component where as Basic wages for PF does not. The basic wages and other allowances whatever their name may be put together should not be less than the prescribed Min Wages, as it will violate the MW Act. EPF Act requires Basic Wages plus DA, retaining Allowance and Food Concession if any for contribution. It excludes HRA OT etc. Thus it is not necessary to fix MW as Basic Wages. Basic Wages certainly can be less than the MW fixed by the State. Pl refer what Dr Chandhok has mentioned on this topic.
Sorry Mr Saxena to contradict U.
From India, Jaipur
I beg to differ with Mr Saxena for the reasons that the Min Wages are inclusive of HR component where as Basic wages for PF does not. The basic wages and other allowances whatever their name may be put together should not be less than the prescribed Min Wages, as it will violate the MW Act. EPF Act requires Basic Wages plus DA, retaining Allowance and Food Concession if any for contribution. It excludes HRA OT etc. Thus it is not necessary to fix MW as Basic Wages. Basic Wages certainly can be less than the MW fixed by the State. Pl refer what Dr Chandhok has mentioned on this topic.
Sorry Mr Saxena to contradict U.
From India, Jaipur
Dear satish,
Greetings for the day,
No need to apologise for contradiction but it is a healthy symbol to get result.SAtish i mean to say about the minimum wage which is defining by the state ime to time and it is the component of basic+da/vda which can't be bifurcated in the mininimum wages doesn't include HRA so go through it carefully.
Thanks & regards,
From,
Sumit Kumar saxena
+91-9899669071, 0120-413277
From India, Ghaziabad
Greetings for the day,
No need to apologise for contradiction but it is a healthy symbol to get result.SAtish i mean to say about the minimum wage which is defining by the state ime to time and it is the component of basic+da/vda which can't be bifurcated in the mininimum wages doesn't include HRA so go through it carefully.
Thanks & regards,
From,
Sumit Kumar saxena
+91-9899669071, 0120-413277
From India, Ghaziabad
Dear Sumit
The context are different. MW includes cost of shelter. Additional DA or ADA are also required to be added. But the HRA is not necessary in addition to MW DA & VDA. If Wages & HRA meets the minimum limits there is no problem. Similarly Basic Wages are not inclusive of HRA. The MW thus can be bifurcated as Basic Wages + HRA.
HRA has to be bifurcated for the purpose of PF, since it has been expressly & specifically excluded for the purpose of PF calculation.
From India, Jaipur
The context are different. MW includes cost of shelter. Additional DA or ADA are also required to be added. But the HRA is not necessary in addition to MW DA & VDA. If Wages & HRA meets the minimum limits there is no problem. Similarly Basic Wages are not inclusive of HRA. The MW thus can be bifurcated as Basic Wages + HRA.
HRA has to be bifurcated for the purpose of PF, since it has been expressly & specifically excluded for the purpose of PF calculation.
From India, Jaipur
Dear Satish,
Greetings for the day,
Thanks for responding, first of all it should be clear that what minimum wage is, it is describe by state govt. time to time as per cost index.secondly it is component of Basic +da which can only be split into basic +da instaed of HRA & other.
eg
Take the case in up where minimum wage is Rs. 4163.98 which include basic (Rs.2600/-) + vda(Rs. 1563.98/-) the total is Rs. 4163.98 the dedection of epf will be on Rs. 4163.98 not on Rs. 2600/-, secondly the The amount Rs. 4163.98/- can only be split into basic and da not in basic +da+hra.
Last but not least wages & HRA can't meet the minimum limits these are views of the consultant who talks only and only in favour of employers how to reduce cost ignoring the compliance standards of labour laws.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131277.
From India, Ghaziabad
Greetings for the day,
Thanks for responding, first of all it should be clear that what minimum wage is, it is describe by state govt. time to time as per cost index.secondly it is component of Basic +da which can only be split into basic +da instaed of HRA & other.
eg
Take the case in up where minimum wage is Rs. 4163.98 which include basic (Rs.2600/-) + vda(Rs. 1563.98/-) the total is Rs. 4163.98 the dedection of epf will be on Rs. 4163.98 not on Rs. 2600/-, secondly the The amount Rs. 4163.98/- can only be split into basic and da not in basic +da+hra.
Last but not least wages & HRA can't meet the minimum limits these are views of the consultant who talks only and only in favour of employers how to reduce cost ignoring the compliance standards of labour laws.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131277.
From India, Ghaziabad
basic wages is not less than are minimum wages in state. Sumeet Pal HR Exec. Monnet Group Raigarh
From India, Raigarh
From India, Raigarh
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Minimum wages- Basic.pdf