Download Minimum Wages in Madhya Pradesh PDF Format For Free
Table of Contents
The State Government of Madhya Pradesh has officially revised the minimum wages in Madhya Pradesh. As a result of the latest update, employees working in various categories will get fair compensation. The unskilled employees will get a minimum wage rate of Rs. 9825 per month while the highly skilled laborers will get a minimum wage rate of Rs. 13,360 per month.
In this article, we will take a detailed look at the minimum wages in Madhya Pradesh. We will also examine the detailed salary structure of each class of workers.
Understanding Minimum Wages for Madhya Pradesh
Let us take a quick look at the Madhya Pradesh minimum wages in 2024 for each class of workers.
Sr No. | Class of Employment | Minimum Wages Per Day | Minimum Wages Per Month |
---|---|---|---|
1 | Unskilled | ₹377.88 | ₹9,825 |
2 | Semi Skilled | ₹410.85 | ₹10,682 |
3 | Skilled | ₹463.85 | ₹12,060 |
4 | Highly Skilled | ₹513.85 | ₹13,360 |
One can calculate the salary based on the above minimum wage in Madhya Pradesh depending upon the employee category.
Salary Calculations Considering Minimum Wage in Madhya Pradesh for Unskilled Employees
CTC | ₹6,00,000 |
Minimum Wages | ₹9,825 |
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 Minimum Wage in Madhya Pradesh for Semi Skilled Employees
CTC | ₹6,00,000 |
Minimum Wages | ₹10,682 |
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 Minimum Wage in Madhya Pradesh for Highly Skilled Employees
CTC | ₹6,00,000 |
Minimum Wages | ₹13,360 |
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.com/
People Also Search
Conclusion
The updated minimum wage in Madhya Pradesh aims to ensure fair pay through policy enforcement. Understanding and applying these state-defined wages is crucial for calculating employee salaries and adhering to governmental standards. If you don’t adhere to the Minimum Wage Act, it can lead to penalties, and this is where the above salary calculations and data will help you ensure compliance.
Download Minimum Wages in Madhya Pradesh
Continue with Google or enter your details.
© 2024 Copyright factoHR