Bihar Minimum Wages Notification October 2024 – Key Details and Revised Structure

The Government of Bihar has released the revised minimum wages notification, effective from October 1, 2024. The new rates are based on adjustments to the Variable Dearness Allowance (VDA), ensuring that wages for unskilled, semi-skilled, skilled, and highly skilled workers across various industries align with inflation and living costs. This blog outlines the new wage rates and provides a sample salary structure to help employers and employees stay informed.

Notification Details:

As per Notification No. 1498, 1499, dated 14.03.2024, and Gazette No. 263, the Variable Dearness Allowance (VDA) will be applied to the minimum wage rates, which were previously revised as of April 2024. The VDA for October 2024 is calculated based on the All India Consumer Price Index (AICPI) for Industrial Workers. This ensures that wages keep pace with changes in the cost of living.

Latest Minimum Wages for Shops and Establishment in Bihar

The Bihar Minimum Wage Notification for April 2024

Effective from Date: 1st Apr, 2024

Notification No. 5/MW-40-16/2021 L&R-07

These wage rates apply to workers across 69 scheduled employments as per the Bihar Minimum Wages Act.

Impact of the New Wages:

The increase in minimum wages reflects the state’s commitment to ensuring fair compensation for its workforce. Employers are required to implement these rates starting from October 1, 2024. The adjustment in VDA ensures that wages remain aligned with inflation, providing better financial security for workers in Bihar.

Sample Salary Structure:

Here’s a sample salary structure based on the revised minimum wage rates for October 2024: the revised wages affect salary calculations, here’s a sample salary structure for a skilled worker in Madhya Pradesh.

These sample salary structures provide guidance for employers to calculate wages that meet the updated legal requirements in Bihar.

Conclusion:

The Bihar Minimum Wages Notification October 2024 provides much-needed relief to workers by ensuring their wages adjust with inflation. Employers must comply with these rates to avoid penalties and ensure their workforce is adequately compensated. For more details, refer to the official notification from the Bihar Government.

Source: https://state.bihar.gov.in/labour/CitizenHome.html

Download Notification PDF Format For Free

Bihar_Minimum_Wages_Notification_October_2024.pdf

Previous Notification

Bihar Minimum Wages Apr 2024