Skip to main content

Labour Ministry Hikes Minimum Wage for Agricultural Labourers

Entitlement at minimum `300 per day in C-category towns compared to Rs 160 now
The labour ministry has nearly doubled the minimum wage for agricultural labourers including those hired on contract, barely six months after a significant increase in minimum wages for non-agricultural labourers.
The Centre had on August 1 last year raised minimum wages for non-agricultural workers 42%.

According to a labour ministry notification, an unskilled agricultural labourer will be entitled to a minimum wage of `300 per day in C-category towns compared to `160 now while those in B and A category towns will get ` 303 and `333 respectively. Similarly, semi-skilled workers will be entitled to a daily minimum wage of `364, `335 and `307 in A, B and C-category towns while skilled workers will be paid `395, `364 and `334 under three catego ries respectively. Highly skilled workers will get `438, `407 and `364 in A, B and C-category towns.

Wages prescribed by the state government will prevail over these rates if higher than central go vernment notified rates. The notification further said, “Minimum rates include wages for weekly day of rest and are applicable to employees engaged by contractors also.“

A­category states include 17 big towns including metro cities while the remaining towns have been categorised under B-category while C-category towns include areas to which the Minimum Wage Act, 1948 is applicable. Besides, the ministry has notified minimum wages for mine workers in all categories, and in this case also minimum wages notified by state governments, if higher than the central wages, will prevail.

Henceforth, unskilled mine workers will get `350 and `437 per day for above ground and underground work while skilled workers will get `436 and `523 respectively, and the skilled workers will be entitled to daily wage of `523 and `610 respectively.
The Economic Times New Delhi,02th March 2017

Comments

Popular posts from this blog

New income tax slab and rates for new tax regime FY 2023-24 (AY 2024-25) announced in Budget 2023

  Basic exemption limit has been hiked to Rs.3 lakh from Rs 2.5 currently under the new income tax regime in Budget 2023. Further, the income tax slabs in the new tax regime has been changed. According to the announcement, 5 income tax slabs will be there in FY 2023-24, from 6 income tax slabs currently. A rebate under Section 87A has been enhanced under the new tax regime; from the current income level of Rs.5 lakh to Rs.7 lakh. Thus, individuals opting for the new income tax regime and having an income up to Rs.7 lakh will not pay any taxes   The income tax slabs under the new income tax regime will now be as follows: Rs 0 to Rs 3 lakh - 0% tax rate Rs 3 lakh to 6 lakh - 5% Rs 6 lakh to 9 lakh - 10% Rs 9 lakh to Rs 12 lakh - 15% Rs 12 lakh to Rs 15 lakh - 20% Above Rs 15 lakh - 30%   The revised Income tax slabs under new tax regime for FY 2023-24 (AY 2024-25)   Income tax slabs under new tax regime Income tax rates under new tax regime O to Rs 3 lakh 0 Rs 3 lakh to Rs 6 lakh 5% Rs 6

Jaitley plans to cut MSME tax rate to 25%

Income tax for companies with annual turnover up to ?50 crore has been reduced to 25% from 30% in order to make Micro, Small and Medium Enterprises (MSME) companies more viable and also to encourage firms to migrate to a company format. This move will benefit 96% or 6.67 lakh of the 6.94 lakh companies filing returns of lower taxation and make MSME sector more competitive as compared with large companies. However, bigger firms have shown their disappointment since the proposal for reducing tax rates was to make Indian firms competitive globally and it is the large firms that are competing globally. The Finance Minister foregone revenue estimate of Rs 7,200 crore per annum for this for this measure. Besides, the Finance Minister refrained from removing or reducing Minimum Alternate Tax (MAT), a popular demand from India Inc., but provided a higher period of 15 years for carry forward of future credit claims, instead of the existing 10-year period. “It is not practical to rem

Don't forget to verify your income tax return in August: Here's the process

  An ITR return needs to be verified within 120 days of filing of tax return. Now that you have filed your income tax return, remember to verify it because your return filing process is not complete unless you do so. The CBDT has reduced the time limit of ITR verification to 30 days (from 120 days) from the date of return submission. The new rule is applicable for the returns filed online on or after 1st August 2022. E-verification is the most convenient and instant method for verifying your ITR. However, if you prefer not to e-verify, you have the option to verify it by sending a physical copy of the ITR-V. Taxpayers who filed returns by July 31, 2023 but forget to verify their tax returns, will get the following email from the tax department, as per ClearTax. If your ITR is not verified within 30 days of e-filing, it will be considered invalid, and may be liable to pay a Late Fee. Aadhaar OTP | EVC through bank account | EVC through Demat account | Sending duly signed ITR-V through s