Minimum Wages in Odisha
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The minimum wage in Odisha for 2024 has been officially revised by the State Government, ensuring fair compensation for workers in various categories. The unskilled employees will get a minimum wage of Rs. 10,560 per month, while the highly skilled laborers will get a minimum wage of Rs. 15,000 per month.
In this article, we will look at the Odisha minimum wage. We will also examine the detailed salary structure of each class of workers.
Understanding Minimum Wage for Odisha
| Sr No. | Class of Employment | Minimum Wages Per Day | VDA Per Day | Total Minimum Wages Per Day | Total Minimum Wages Per Month |
|---|---|---|---|---|---|
| 1 | Unskilled | ₹345 | ₹7 | ₹352 | ₹10,560 |
| 2 | Semi Skilled | ₹385 | ₹7 | ₹392 | ₹11,760 |
| 3 | Skilled | ₹435 | ₹7 | ₹442 | ₹13,260 |
| 3 | Highly Skilled | ₹495 | ₹7 | ₹502 | ₹15,000 |
One can calculate the salary based on the above minimum wages in Odisha, depending upon the employee category.
Salary Calculations Considering Minimum Wages in Odisha for Unskilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹10,560 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,000 | ||
| 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 Wages in Odisha for Semi Skilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹11,760 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,000 | ||
| 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 Wages in Odisha for Skilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹13,260 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,000 | ||
| 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 Wages in Odisha for Highly Skilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹15,000 |
| Basic Salary Structure | |||
|---|---|---|---|
| Sr No. | Components | Formula | |
| 1 | Allowance | Basic + DA | ₹25,000 |
| HRA | ₹12,000 | ||
| 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://labourdirectorate.odisha.gov.in/
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Conclusion
The revision of minimum wages in Odisha is designed to guarantee reasonable compensation to the workers working in the state. Employers need to comprehend and apply these state-mandated wage rates accurately when calculating employee salaries.
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