How daily wage is calculated?
In order to calculate the daily wage, monthly gross salary is divided by 30, as the weekly offs are taken as the pay leaves. (The salary is to be divided by 30, irrespective of the actual number of days in a month).
What is the minimum wages in Madhya Pradesh?
Latest Minimum Wages for Shops & Establishment in Madhya Pradesh
| Class of Employment | Basic Per Day | Basic Per Month |
|---|---|---|
| Unskilled | 250.00 | 6500.00 |
| Semi-skilled | 271.42 | 7057.00 |
| Skilled | 324.42 | 8435.00 |
| Highly Skilled | 374.42 | 9735.00 |
What is VDA per day?
Rate of Minimum Wages (Variable Dearness Allowance) Revised for Central sphere workers
| Schedule employment | Category of employees | Rate of wages including Variable Dearness Allowance Area wise per day (in Rupees) |
|---|---|---|
| Watch and Ward | Without Arms | 795 |
| With Arms | 864 | |
| Agriculture | Unskilled | 417 |
| Semi-Skilled/Unskilled Supervisor | 455 |
Can wages be paid in cash?
Cash wages are compensation for employees that come in the form of spendable money. Cash wages can include actual cash currency, checks, and money orders. This type of compensation excludes benefits like health insurance, 401(k) contributions, and stock compensation.
Is salary calculated for 30 days or 31 days?
SAP takes total calendar days of the month for calculation of salary in Indian payroll if it is 30 days in a month it takes 30 days and if it 31 days in a month, it takes 31 days.
What is collector rate salary in MP?
| Employee | Minimum Basic Pay Per Month | Total Salary Per Day |
|---|---|---|
| Unskilled | 6500 | 293.33 |
| Semi-skilled | 7057 | 321.90 |
| Skilled | 8435 | 367.83 |
| Highly Skilled | 9735 | 411.16 |
What is the new minimum wage from April 2021?
In April 2021 the NMW is: Apprentices under 19 – £4.30 an hour. Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour.
How is VDA calculated?
Variable Dearness Allowance (VDA) defines the new amount which is earned after the increase or decrease in the consumer price index (CPI). This is where the dearness allowance is calculated and updated for the workers.
What is SDA salary?
Special Duty Allowance (SDA) is an allowance paid to officers of All India Services (AIS), including police officers, when posted in any of the seven states in Northeast India, and Ladakh, including in state capitals , and cities and towns like Guwahati, Aizawl, Shillong, Kohima, and Leh.
Is it OK to pay cash in hand?
Paying cash in hand to employees in cash is a legal and legitimate way of paying salaries. There are many benefits of dealing in cash payments for both employers and employees, but caution needs to be taken because there are tax and legal implications if they are done correctly.