The minimum wage rates have been increased by the central government through a revision of the Variable Dearness Allowance (VDA). This update aims to assist employees, especially those in the informal sector, in effectively handling the increasing expenses of daily life.
This will take effect starting on October 1, 2024.
The updated salaries will be advantageous for employees in different fields such as building construction, loading and unloading, security, cleaning, maintenance, mining, and farming. These industries fall under central area establishments.
Minimum wage rates organised according to skill levels, geographical regions
Minimum wage rates are organized based on skill levels like unskilled, semi-skilled, skilled, and highly skilled, and are also varied by geographical regions identified as areas A, B, and C.
Also read: Budget 2024: Changes in new tax regime; major boost to jobs
In the latest update for Zone “A,” laborers without specialized skills working in industries like building and janitorial services will receive Rs 783 daily, totaling Rs 20,358 monthly. Semi-skilled workers will be paid Rs 868 daily, totaling Rs 22,568 monthly, whereas skilled and clerical workers will receive Rs 954 per day, equating to Rs 24,804 monthly. Workers with expertise, as well as armed security personnel, will be paid Rs 1,035 daily, amounting to Rs 26,910 monthly.
The government updates VDA twice a year
This latest update is the second wage adjustment for 2024, with the first one in April. The government updates the VDA twice a year, in April and October, depending on changes in the Consumer Price Index for industrial workers.
