Minimum Wages in Madhya Pradesh

The State Government of Madhya Pradesh revised the minimum wages in the state, effective from 1st October 2023.

Minimum wages in Madhya Pradesh, effective from 01.10.23 to 31.03.24:
SCHEDULED
EMPLOYMENT
BASICVDATOTAL
(PER DAY)
TOTAL
(PER MONTH)
UnskilledRs. 6,500Rs. 3,325Rs. 377.88Rs. 9,825
Semi-skilledRs. 7,057Rs. 3,625Rs. 410.85Rs. 10,682
SkilledRs. 8,435Rs. 3,625Rs. 463.85Rs. 12,060
Highly skilledRs. 9,735Rs. 3,625Rs. 513.85Rs. 13,360

Salary Structure For Minimum Wage Workers in Madhya Pradesh

HR professionals face challenges in creating comprehensive wage structures for their employees.

Our customized templates will assist them in creating compensation plans, while catering to the needs of various classes of workers, i.e., Unskilled, Semi-skilled, and Skilled.

Salary Structure for Minimum Wage Workers in Madhya Pradesh
CTC600000
Minimum Wages9825
Basic Salary Structure
ComponentsFormula
AllowanceBASIC + DA25000
HRA12500.00
LTA1250.00
SP11250.00
Gross Salary50000.00
Ad-hoc AllowanceMonthly Bonus4150.00
ContributionEmployee PF1800
Employee ESI0
LWF Employee3
DeductionEmployee PF1800
Employee ESI0
LWF Employee15
PF Admin Charge150
PT150
Salary on Hand46082
Note: Copy this BASIC + DA value to perform the Salary Structure Calculation
Calculated Basic + DA25000
Salary Structure for Semi-skilled Labour: Under Minimum Wage in Madhya Pradesh
CTC600000
Minimum Wages10682
Basic Salary Structure
ComponentsFormula
AllowanceBASIC + DA25000
HRA12500.00
LTA1250.00
SP11250.00
Gross Salary50000.00
Ad-hoc AllowanceMonthly Bonus4150.00
ContributionEmployee PF1800
Employee ESI0
LWF Employee3
DeductionEmployee PF1800
Employee ESI0
LWF Employee15
PF Admin Charge150
PT150
Salary on Hand46082
Note: Copy this BASIC + DA value to perform the Salary Structure Calculation
Calculated Basic + DA25000
Salary Structure for Skilled Labour: Under Minimum Wage in Madhya Pradesh
CTC600000
Minimum Wages12060
Basic Salary Structure
ComponentsFormula
AllowanceBASIC + DA25000
HRA12500.00
LTA1250.00
SP11250.00
Gross Salary50000.00
Ad-hoc AllowanceMonthly Bonus4150.00
ContributionEmployee PF1800
Employee ESI0
LWF Employee3
DeductionEmployee PF1800
Employee ESI0
LWF Employee15
PF Admin Charge150
PT150
Salary on Hand46082
Note: Copy this BASIC + DA value to perform the Salary Structure Calculation
Calculated Basic + DA25000
Salary Structure for Highly Skilled Labour: Under Minimum Wage in Madhya Pradesh
CTC600000
Minimum Wages13360
Basic Salary Structure
ComponentsFormula
AllowanceBASIC + DA25000
HRA12500.00
LTA1250.00
SP11250.00
Gross Salary50000.00
Ad-hoc AllowanceMonthly Bonus4150.00
ContributionEmployee PF1800
Employee ESI0
LWF Employee3
DeductionEmployee PF1800
Employee ESI0
LWF Employee15
PF Admin Charge150
PT150
Salary on Hand46082
Note: Copy this BASIC + DA value to perform the Salary Structure Calculation
Calculated Basic + DA25000

Source: https://labourlawreporter.com/minimum-wages-madhya-pradesh/

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