Dear All
I am looking after HR department and want to know while paying wage or salary what is the minimum take home pay should be paid to an employee after deducting sall tatutory and authorized deductions.
Thanks & Regards,
M Srinivas
IIL
From India, Ludhiana
I am looking after HR department and want to know while paying wage or salary what is the minimum take home pay should be paid to an employee after deducting sall tatutory and authorized deductions.
Thanks & Regards,
M Srinivas
IIL
From India, Ludhiana
Dear Mr. Srinivas,
Under section 7(3) of the Payment of wages act,1936 contemplates that " not withstanding anything contained in this act, the total amount of deductions which may be made under sub section(2) in any wage period from the wages of any employed person shall not exceed
(i) in cases where such deductions are wholly or partly made for payments to cooperative socities under clause (j) of sub section (2) 75% of such wages and
(ii) in any other case 50% of such wages.
There is no precise legal status for the employees whose wages exceeds Rs.6500/-( the payment of wages act is applicable to the employees whose wages are less than Rs.6500/-)
Regards
Michael Nicholas
From India, Madras
2Under section 7(3) of the Payment of wages act,1936 contemplates that " not withstanding anything contained in this act, the total amount of deductions which may be made under sub section(2) in any wage period from the wages of any employed person shall not exceed
(i) in cases where such deductions are wholly or partly made for payments to cooperative socities under clause (j) of sub section (2) 75% of such wages and
(ii) in any other case 50% of such wages.
There is no precise legal status for the employees whose wages exceeds Rs.6500/-( the payment of wages act is applicable to the employees whose wages are less than Rs.6500/-)
Regards
Michael Nicholas
From India, Madras
mr srinivas
regarding fixation of salary for staff category, there is no specific norms being followed. it differs from one industry to another industry. you have to search around and collect more informations with regard to your industry and arrive at the particular norms or policy as per your requirement.
with respect to worker category, 1.you will have to follow Minimum wages Act. first check your type of industry 2. type of labour to be employed (skilled, semiskilled, and unskilled) etc., try to get the latest Government order and arrive at the salary for workers. The salary to be fixed should be a little more higher than the norms fixed by the government.
3.you may also refer to the Payment of Wages Act for minimum salary fixation.
hope you must have got an idea on salary issue
further doubt feel free to ask
regards
devarajan
From India, Madras
regarding fixation of salary for staff category, there is no specific norms being followed. it differs from one industry to another industry. you have to search around and collect more informations with regard to your industry and arrive at the particular norms or policy as per your requirement.
with respect to worker category, 1.you will have to follow Minimum wages Act. first check your type of industry 2. type of labour to be employed (skilled, semiskilled, and unskilled) etc., try to get the latest Government order and arrive at the salary for workers. The salary to be fixed should be a little more higher than the norms fixed by the government.
3.you may also refer to the Payment of Wages Act for minimum salary fixation.
hope you must have got an idea on salary issue
further doubt feel free to ask
regards
devarajan
From India, Madras
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.
Wage, Salary and Reward Administration. ppt
Salary & Wage .xls