Minimum Wages in Punjab
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The state government of Punjab announced minimum wages across employment categories. Punjab is one of the major agrarian states in India and announced minimum wages for not only agricultural workers but also other categories of workers. According to the revised minimum wages in Punjab, unskilled labor in the state has a minimum wage of Rs. 73,169.30 annually.
However, highly skilled labor has a minimum wage of Rs. 161,349 annually. This article provides a comprehensive breakdown of the minimum wage in Punjab , as well as salary calculations.
Understanding Minimum Wages for Punjab
Understanding the breakdown is crucial to know the employment level and related minimum wages.
Here are the effective minimum wage in Punjab for 2024.
| Sr No. | Class of Employment | Minimum Wages Per Day | Minimum Wages Per Month | Minimum Wages Per Hour |
|---|---|---|---|---|
| 1 | Unskilled | ₹412.95 | ₹10,736.75 | ₹51.61 |
| 2 | Semi Skilled | ₹442.95 | ₹11,516.75 | ₹55.36 |
| 3 | Skilled | ₹477.45 | ₹12,413.75 | ₹59.98 |
| 4 | Highly Skilled | ₹517.14 | ₹13,445.75 | ₹64.64 |
You can calculate the salary based on the above minimum wage in Punjab depending upon the employee category.
Salary Calculations Considering Minimum Wage in Punjab for Unskilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹10,737 |
| 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 Wage in Punjab for Semi Skilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹11,517 |
| 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 Wage in Punjab for Skilled Employees
| CTC | ₹6,00,000 |
| Minimum Wages | ₹12,414 |
| 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 | ||
Similarly, you can use the same salary structure for highly skilled.
Source: https://pblabour.gov.in/
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Conclusion
The new minimum wage in Punjab focuses on enforcing policy to provide fair remuneration. Especially if you want to calculate the minimum salary for employees in Punjab, understanding the least remuneration defined by the state government is important. Knowing what are the minimum wages and computing salaries accordingly will help you comply with the norms defined by state government.
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