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Minimum Wages
What are the Minimum Wages in India?
Minimum wages in India are regulated under the “Minimum Wages Act of 1948.” The act is enforced by the Government of India to protect employees from exploitation and ensure specific minimum remuneration. However, it is not uniform across the country. Each state has its own category of employees and cost of living, based on which it formulates the minimum wages employers need to pay.
How to Calculate Minimum Wages in India?
The calculation of minimum wages in India needs consideration of multiple factors right from the location of business, type of industry, cost of living, and skill level. Apart from these there are components of minimum wages like VDA and HRA that you need to consider while calculating it.
