Statutory
Minimum wages
Minimum wages are the lowest daily or monthly wages an employer may pay, fixed by each state for categories of work and skill and revised with a dearness component twice a year.
Rates differ by state, zone, industry and skill level (unskilled, semi-skilled, skilled, highly skilled). Most states publish a basic rate and a variable DA revised in April and October.
The Code on Wages introduces a national floor wage below which no state may fix its minimum.
In Indian payroll
Contract and shop-floor structures must be checked against the current notification every revision. Paying minimum wage but with a basic below it, made up by allowances, is a common inspection finding.
What is Minimum wages?
Minimum wages are the lowest daily or monthly wages an employer may pay, fixed by each state for categories of work and skill and revised with a dearness component twice a year.
Why does Minimum wages matter in Indian payroll?
Contract and shop-floor structures must be checked against the current notification every revision. Paying minimum wage but with a basic below it, made up by allowances, is a common inspection finding.
Related terms
In Kuzhu
The Payroll module in Kuzhu is where Minimum wages is handled, on the same employee record as everything else.
WhatsApp us