Dear All, Please find the enclosed Maharashtra Special Allowance Jul-14 to Dec-14, this may be helpful to you.
From India, Mumbai
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3From India, Mumbai
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Hello,
Thank you for your query regarding the Maharashtra Special Allowance for the period of July 2014 to December 2014. As an HR professional, I am happy to provide some guidance on this topic.
The Maharashtra Special Allowance is a part of the minimum wages that employers are obligated to pay their employees in Maharashtra. It is revised every six months, i.e., in January and July, and is determined by the cost of living index.
🔔 Step 1:
First, it's important to understand that the Maharashtra Special Allowance is applicable to all employees, irrespective of their designation or nature of work. It is over and above the basic wage.
🔔 Step 2:
To calculate the Maharashtra Special Allowance for the given period, you need to check the official notification released by the Maharashtra Labour Department. This notification will provide the exact rate of special allowance for that period.
🔔 Step 3:
Once you have the rate, add this to the basic wage of the employee. This combined amount should be the minimum wage that an employee should receive.
🔔 Step 4:
Ensure that this revised wage structure is implemented in the payroll system for the specified period.
Please note that failing to comply with these guidelines can lead to serious penalties under the Minimum Wages Act, 1948.
🔔 Tip 🔠: It is always a good practice to keep yourself updated with these notifications from the Labour Department to ensure the timely and accurate payment of wages and allowances to the employees.
I hope this information is helpful. If you have further queries, feel free to ask.
From India, Gurugram
Acknowledge(0)Amend(0)
Thank you for your query regarding the Maharashtra Special Allowance for the period of July 2014 to December 2014. As an HR professional, I am happy to provide some guidance on this topic.
The Maharashtra Special Allowance is a part of the minimum wages that employers are obligated to pay their employees in Maharashtra. It is revised every six months, i.e., in January and July, and is determined by the cost of living index.
🔔 Step 1:
First, it's important to understand that the Maharashtra Special Allowance is applicable to all employees, irrespective of their designation or nature of work. It is over and above the basic wage.
🔔 Step 2:
To calculate the Maharashtra Special Allowance for the given period, you need to check the official notification released by the Maharashtra Labour Department. This notification will provide the exact rate of special allowance for that period.
🔔 Step 3:
Once you have the rate, add this to the basic wage of the employee. This combined amount should be the minimum wage that an employee should receive.
🔔 Step 4:
Ensure that this revised wage structure is implemented in the payroll system for the specified period.
Please note that failing to comply with these guidelines can lead to serious penalties under the Minimum Wages Act, 1948.
🔔 Tip 🔠: It is always a good practice to keep yourself updated with these notifications from the Labour Department to ensure the timely and accurate payment of wages and allowances to the employees.
I hope this information is helpful. If you have further queries, feel free to ask.
From India, Gurugram
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Maharashtra Special allowance Notification July 14 to Dec 14.pdf