Minimum Wages in Assam
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The state government has officially revised the minimum wages in Assam for 2024 in an official notification. People working in various categories in Assam will get fair compensation as a result of this latest update. The unskilled employees will get a minimum wage rate of Rs. 9,800.50 per month, while the highly Skilled laborers will get a minimum wage rate of Rs. 18,307.05 per month.
In this article, we will take a detailed look at the minimum wages in Assam. We will also examine the detailed salary structure of each class of workers.
Understanding Minimum Wages for Assam
Let us take a quick look at the minimum wages for the year 2024 for each class of workers in Assam.
| Sr No. | Class of Employment | Basic Per Month | VDA Per Month | Total Minimum Wages Per Month |
|---|---|---|---|---|
| 1 | Unskilled | ₹7,200 | ₹26,00.50 | ₹9,800.50 |
| 2 | Semi Skilled | ₹8,400 | ₹2,991.10 | ₹11,391.10 |
| 3 | Skilled | ₹10,500 | ₹3,739.35 | ₹14,239.35 |
| 4 | Highly Skilled | ₹13,500 | ₹4,807.05 | ₹18,307.05 |
One can calculate the salary based on the above Assam minimum wages depending upon the employee category.
Salary Calculations Considering the Minimum Wage for Unskilled Employees in Assam
| CTC | ₹6,00,000 |
| Minimum Wages | ₹9,800.50 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,500 | ||
| LTA | ₹1,250 | ||
| SP | ₹11,250 | ||
| Gross Salary | ₹50,000 | ||
| 2 | Ad-hoc Allowance | Monthly Bonus | ₹4,150 |
| 3 | Contribution | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹3 | ||
| 4 | Deduction | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹15 | ||
| PF Admin Charge | ₹150 | ||
| PT | ₹150 | ||
| Salary in Hand | ₹46,082 | ||
| Copy this BASIC + DA value to perform the Salary Structure Calculation | |||
| Calculated Basic + DA | ₹25,000 | ||
Salary Calculations Considering the Minimum Wage for Semi Skilled Employees in Assam
| CTC | ₹6,00,000 |
| Minimum Wages | ₹11,391.10 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,500 | ||
| LTA | ₹1,250 | ||
| SP | ₹11,250 | ||
| Gross Salary | ₹50,000 | ||
| 2 | Ad-hoc Allowance | Monthly Bonus | ₹4,150 |
| 3 | Contribution | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹3 | ||
| 4 | Deduction | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹15 | ||
| PF Admin Charge | ₹150 | ||
| PT | ₹150 | ||
| Salary in Hand | ₹46,082 | ||
| Copy this BASIC + DA value to perform the Salary Structure Calculation | |||
| Calculated Basic + DA | ₹25,000 | ||
Salary Calculations Considering the Minimum Wage for Skilled Employees in Assam
| CTC | ₹6,00,000 |
| Minimum Wages | ₹14,239.35 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,500 | ||
| LTA | ₹1,250 | ||
| SP | ₹11,250 | ||
| Gross Salary | ₹50,000 | ||
| 2 | Ad-hoc Allowance | Monthly Bonus | ₹4,150 |
| 3 | Contribution | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹3 | ||
| 4 | Deduction | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹15 | ||
| PF Admin Charge | ₹150 | ||
| PT | ₹150 | ||
| Salary in Hand | ₹46,082 | ||
| Copy this BASIC + DA value to perform the Salary Structure Calculation | |||
| Calculated Basic + DA | ₹25,000 | ||
Salary Calculations Considering the Minimum Wage for Highly Skilled Employees in Assam
| CTC | ₹6,00,000 |
| Minimum Wages | ₹18,307.05 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,500 | ||
| LTA | ₹1,250 | ||
| SP | ₹11,250 | ||
| Gross Salary | ₹50,000 | ||
| 2 | Ad-hoc Allowance | Monthly Bonus | ₹4,150 |
| 3 | Contribution | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹3 | ||
| 4 | Deduction | Employee PF | ₹1,800 |
| Employee ESI | ₹0 | ||
| LWF Employee | ₹15 | ||
| PF Admin Charge | ₹150 | ||
| PT | ₹150 | ||
| Salary in Hand | ₹46,082 | ||
| Copy this BASIC + DA value to perform the Salary Structure Calculation | |||
| Calculated Basic + DA | ₹25,000 | ||
Source: https://labourlawreporter.net/
Conclusion
To ensure equitable compensation for workers in Assam, the state has revised its minimum wage policy. Employers must apply these wage rates while computing employee salaries, promoting fair treatment in the workplace. Using the minimum wages in Assam to calculate salaries will help employers comply with the Minimum Wages Act and avoid penalties. This is also important for businesses looking to improve employee satisfaction.
Download Minimum Wages in Assam
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