Dear all
Please help me in answering the below mentioned questions.....
Our company is into Engineering services like Autocad designing...
We have around 130 employees
Please reply to the following questions
1. Which act this company covers - Shops & establishment or software ?
2. what is the rate of minimum wages for both IT and shops?
3. Is there is any rule, that basic and DA should be 60%.
From India, Madras
3Please help me in answering the below mentioned questions.....
Our company is into Engineering services like Autocad designing...
We have around 130 employees
Please reply to the following questions
1. Which act this company covers - Shops & establishment or software ?
2. what is the rate of minimum wages for both IT and shops?
3. Is there is any rule, that basic and DA should be 60%.
From India, Madras
Brother,
There is no minimum wages for IT industry specifically as it is covered under the Shops and Establishments Act. Your company therefore will be governed by the wages applicable under the Tamilnadu Shops & Establishments Act. There is a separate basic salary and separate DA applicable under this Act. However, as long as the total amount paid by the company is more than the Basic + DA specified by the Shops & Establishments Act or the Payment of Minimum Wages Act applicable in Tamilnadu and for Chennai Zone, it is fine.
Brother, dont even bother to look at the wages applicable under these Acts. It is pathetic and I am sure any company will be paying much more than that.
Hope this clarifies.
From India, Madras
There is no minimum wages for IT industry specifically as it is covered under the Shops and Establishments Act. Your company therefore will be governed by the wages applicable under the Tamilnadu Shops & Establishments Act. There is a separate basic salary and separate DA applicable under this Act. However, as long as the total amount paid by the company is more than the Basic + DA specified by the Shops & Establishments Act or the Payment of Minimum Wages Act applicable in Tamilnadu and for Chennai Zone, it is fine.
Brother, dont even bother to look at the wages applicable under these Acts. It is pathetic and I am sure any company will be paying much more than that.
Hope this clarifies.
From India, Madras
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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