Latest Minimum Wages Madhya Pradesh - October 2024
Discover the revised minimum wages for workers in Madhya Pradesh's shops and establishments, effective October 2024. Stay updated with the latest salary structure and compliance guidelines. minimum wages Madhya Pradesh 2024
Latest Minimum Wages for Shops and Establishments in Madhya Pradesh - October 2024
The Government of Madhya Pradesh has issued a notification (Notification No. 5/11/Inv/five/2024/29501-750) announcing the revised minimum wages for workers in shops and establishments, effective from October 1, 2024. The new rates apply to various categories of employment and reflect the adjustments in the Variable Dearness Allowance (VDA). These revisions are crucial for employers to ensure compliance with state labor laws and for workers to understand their entitlements.
Key Changes in the Revised Minimum Wages
The minimum wages in Madhya Pradesh have been revised based on the class of employment and include an update in the basic wages and VDA. The following table provides the updated wage structure:
These rates are applicable for all establishments registered under the Madhya Pradesh Shops and Establishments Act, 1958.
Sample Salary Structure for Skilled Workers
To help you understand how the revised wages affect salary calculations, here’s a sample salary structure for a skilled worker in Madhya Pradesh.
This structure complies with the state’s wage laws and ensures that statutory contributions are deducted accordingly.
Importance of Complying with Minimum Wage Laws
Employers in Madhya Pradesh must adhere to these updated wage rates to avoid penalties and ensure their workforce is paid fairly. It's critical to update payroll systems and inform employees of these changes. Additionally, employers should regularly monitor notifications for any further revisions to the minimum wage.
For more details, refer to the official notification issued by the Madhya Pradesh government (Notification No. 5/11/Inv/five/2024/29501-750).
Source: https://labour.mponline.gov.in/Portal/Services/Shram/DMS/Citizen/Display_Documents.aspx?Sid=8
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Madhya_Pradesh_Minimum_Wages_notification_October_2024.pdf
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