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What is the minimum wage in Kerala 2020?

What is the minimum wage in Kerala 2020?

Kerala Minimum Wages Revised-May-2020

Grade District Minimum Wages General
Special Thiruvananthapuram 12338
Grade A Thiruvananthapuram 12128
Grade B Thiruvananthapuram 11918
Grade C Thiruvananthapuram 11708

What is basic daily salary?

If the employee’s total monthly salary is Rs 26,000, and if the employee joins on September 21, he or she will be paid Rs 10,000 for the 10 days in September. Since September has 26 base days (30 minus 4 Sundays), the per-day pay is calculated as Rs 26,000/26 = Rs 1,000.

What is the minimum wage in Kerala 2022?

Latest Minimum Wages in Kerala – 01-January-2022

Grade District Basic General
Grade A Thiruvananthapuram ₹9120.00
Grade B Thiruvananthapuram ₹8910.00
Grade C Thiruvananthapuram ₹8700.00
Grade D Thiruvananthapuram ₹8490.00

What is minimum wages Act in Kerala?

The Minimum Wages Act, 1948 provides for fixing minimum rates of wages in certain employments, which are included in the schedule. Kerala Government has enacted the Kerala Minimum Wages Rules, 1958 for the effective administration and monitoring of the Minimum Wages Act, 1948.

What is the minimum daily wages in Kerala?

Date of Effect Daily Rate Maximum Daily Wages/Month
01/07/2018 750 21000
01/04/2017 735 20575
01/04/2016 700 19600
01/02/2021 850 22950

How is da calculated in Kerala?

Calculation of Dearness Allowance

  1. For Central Government employees: Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76) *100.
  2. For Central public sector employees: Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33) *100.

What is the minimum daily wage in Kerala?

Date of Effect Daily Rate Maximum Daily Wages/Month
01/07/2019 715 19305
01/07/2018 700 18900
01/04/2017 685 18450
01/04/2016 650 17550

What is the average salary in Kerala?

A person working in Kerala typically earns around 34,900 INR per month. Salaries range from 8,830 INR (lowest average) to 156,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

What is the current DA rate in Kerala?

Enhanced from the existing rate of 20% to 23% w.e.f 01/01/2019 , 28%, w.e.f 01/07/2019, 32%, w.e.f. 01/01/2020 and 36% and w.e.f. 01/07/2020. Enhanced rate of DA will be paid in cash from the salary for the month of March 2021 and arrears from January 2019 to February 2021 will be merged in the PF account.

How gratuity is calculated?

Even if the organisation is not covered under the Gratuity Act, the employees would still receive the Gratuity amount. But the number of days will be changed from 26 to 30 days. The Gratuity calculation formula is: Gratuity = (15 × last drawn salary × working tenure)/30.

What’s my annual salary?

As an example, if you make $15 per hour and are paid for working 40 hours per week for 52 weeks per year, your annual salary (pre-tax) will be 15 × 40 × 52 = $31,200. Using this formula, we can calculate the following annual incomes from basic hourly pay.

What are daily wages in Kerala?

Who has highest salary in Kerala?

The top 5 highest paying jobs at Kerala with reported salaries are:

  • assistant executive engineer – ₹33lakhs per year.
  • principal – ₹28lakhs per year.
  • director – ₹26lakhs per year.
  • executive engineer – ₹22lakhs per year.
  • assistant professor – ₹22lakhs per year.
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