Posts By: Prakash Consultancy Services

Chandigarh Minimum Wages Notification (April 2024 – September 2024): Key Details and Wage Updates

Posted by & filed under Minimum Wages-Chandigarh.

Published on: 8th October 2024 The Chandigarh Minimum Wages Notification for the period from April 2024 to September 2024 has been officially released. This notification outlines the revised minimum wages for different categories of workers, ensuring compliance with the Minimum Wages Act, 1948. Employers must update their wage structures to reflect these changes and avoid… Read more »

2023-24 Bonus Payments: Key Guidelines from Gujarat Labour Department

Posted by & filed under Bonus-Act.

The Gujarat Labour Department has issued an important circular regarding the timely payment of bonuses for the financial year 2023-24. This notification emphasizes the need for employers to comply with the Payment of Bonus Act, 1965, which mandates bonus payments to eligible employees. Key Points: Bonus Payment Deadline: All industrial and commercial establishments must begin… Read more »

2024 Tamil Nadu Minimum Wage Revision for Shops and Commercial Establishments: Complete Guide

Posted by & filed under Minimum Wages-Tamilnadu, Tamil Nadu Shop.

In September 2024, the Tamil Nadu Government released an official notification announcing the revision of minimum wages for workers in Shops and Commercial Establishments. This update is crucial for employers, employees, and businesses across Tamil Nadu, as it reflects the state’s commitment to ensuring fair compensation amidst rising inflation and regional economic disparities. This comprehensive… Read more »

Bihar’s Revised Minimum Wages and Variable Dearness Allowance (VDA) – Effective October 2024

Posted by & filed under Minimum Wages-Bihar.

The Government of Bihar, in a significant move to ensure fair compensation for workers, has revised the Minimum Wages and introduced the Variable Dearness Allowance (VDA) for various industries, effective from 1st October 2024. The Minimum Wages Act, 1948, empowers both central and state governments to revise and fix minimum wages periodically to protect workers… Read more »

Minimum Wages in Gujarat (Oct 2024 – Mar 2025): No Changes in Dearness Allowance

Posted by & filed under Minimum Wages - Gujarat.

The Gujarat Labour Department has published the minimum wage notification for the period from 1st October 2024 to 31st March 2025. The key highlight of this notification is the zero increment in the wage rates, meaning the same rates from April 2024 to September 2024 will continue. This provides both employers and workers with a… Read more »

Revised Minimum Wages in Uttar Pradesh Effective from 1st October 2024 to 31st March 2025: A Complete Guide

Posted by & filed under Minimum Wages-Uttarpradesh.

As per the latest notification from the Uttar Pradesh Labour Department, the minimum wages in the state have been revised, effective from 1st October 2024 to 31st March 2025. This revision takes into account inflation and other economic factors to ensure workers receive fair compensation. Employers need to comply with these changes to avoid penalties… Read more »

New PPF Rules Effective from October 1, 2024: Key Changes for Minors, Multiple Accounts, and NRIs

Posted by & filed under Public Provident Fund.

The Ministry of Finance’s Department of Economic Affairs has introduced new guidelines for Public Provident Fund (PPF) accounts, effective from October 1, 2024. These updated rules cover critical aspects such as PPF accounts for minors, regulations for individuals holding multiple PPF accounts, and guidelines for NRI PPF account holders. The aim is to streamline small… Read more »

Odisha Minimum Wage Update: October 2024 to March 2025 – A Detailed Breakdown

Posted by & filed under Minimum Wages-Orissa, Odisha.

The Government of Odisha has recently updated the minimum wage structure for employees in various sectors, effective from 1st October 2024 to 31st March 2025. These updates are crucial for employers and employees to ensure compliance and fair wages. In this blog, we provide an in-depth analysis of the new wage structure, including the introduction… Read more »

Karnataka Government Allows Shops and Commercial Establishments to Operate 24×7 for Three Years: Key Guidelines

Posted by & filed under Karnataka-Labour Laws Ammedment, Karnataka-Shop act.

1. Continuous Operations for Businesses The notification allows all shops and commercial establishments employing ten or more persons to remain open throughout the day and night, 365 days a year. This decision aims to promote business growth and cater to the needs of consumers round the clock, especially in urban centres. However, it comes with… Read more »

Delhi Minimum Wage Revision: Effective 1st October 2024

Posted by & filed under Minimum Wages-Delhi.

In a crucial move to keep up with rising living costs, the Government of the National Capital Territory of Delhi has revised the minimum wages for all scheduled employments, effective 1st October 2024. The wage hike applies to various categories of workers, including unskilled, semi-skilled, skilled, and clerical/supervisory staff, ensuring that their earnings reflect the… Read more »