Tamil Nadu’s Government’s increase in minimum rates of wages effective from 1/4/2023
Contents News/Article Date: 30th May 2023
Relating to which Act: The Minimum Wages Act 1948
Penalty under the Act: The Central Act treats all violation of the working hours, minimum wages and similar conditions as an offence. These are punishable by penalties which can take the shape of 10000 INR fine or five years of imprisonment.
Applicable to which State: State of Tamil Nadu
Type: Office of the Commissioner of Labour, Chennai, statement of average points for Chennai city No. 73 / 4023 / 2023 with effective from 1/4/2023
Pertains to: For various categories of employees employed in scheduled employments
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has a system to regularly track announcement of minimum wages declared and also consumer price index and in this respect, the Tamil Nadu Government has announced the Consumer Price Index (Cost of Living Index) Numbers applicable from 1/4/2023.
Karma Global will inform all its clients accordingly so that this knowledge information is known to all of them
And in this instance: The Government of Tamil Nadu revises the rates of Variable Dearness Allowance on the basis of the average consumer price index number for the calendar year 2022 in respect of various scheduled employments notified under the minimum wages act, 1948 with effective from 1/4/2023.
Subject: Tamil Nadu’s Government’s increase in minimum rates of wages effective from 1/4/2023.
Attached is the notification