ILC TO CALCULATION OF MINIMUM WAGES AS ON MAY 2014 – NC JCM STAFF SIDE

ILC TO CALCULATION OF MINIMUM WAGES AS ON MAY 2014 – NC JCM STAFF SIDE

PRICES OF THE INGREDINTS SPECIFIED IN THE 15TH ILC TO CALCULATE THE MINIMUM WAGES AS ON 01.05.2014

20% of the net minimum miscellaneous charges towards fuel, electricity, water charges, etc

Housing at the rate of 7.5% of net minimum

Addition Expenditure at the rate of 25% includes expenditure towards education, marriage etc of the children, medical treatment, recreation, festivals etc. as per Supreme Court decision in 1991.