Minimum Remuneration (Updated) 2078
The Ministry of Labor, Employment and Social Security, Government of Nepal has published a notification in the Nepal Gazette dated 20 Baishakh 2078 increasing the minimum wage for workers using the right provided under section 106 (3) of the Labor Act, 2074.
The minimum wage rates prescribed above will be applicable from 1 Shrawan 2078.
The minimum wage prescribed in the notification is set out below.
|
# |
Calculation Basis |
Basic Remuneration (NPR) |
Dearness Allowance (NPR) |
Total (NPR) |
|
|
Monthly |
9,385 |
5,615 |
15,000 |
|
|
Daily |
361 |
216 |
577 |
|
|
Hourly |
48 |
29 |
77 |
Notes:
1. In addition to the above, benefits like provident fund and gratuity provided by the Labour Act 2017, the Contribution Based Social Security Act 2017 and other prevailing laws must be provided.
2. This notification will be not applicable for workers employed in tea estates.
Calculation of Cost to Company (CTC) per employee paying minimum remunerations:
|
Particulars |
Monthly (NPR) |
Annually (NPR) |
|
Basic Salary |
9,385 |
122,005 |
|
Dearness allowance |
5,615 |
67,380 |
|
SSF Contribution |
1,877 |
22,524 |
|
Total CTC |
16,877 |
211,909 |
Calculation of regular cash income for employee receiving minimum salary/wages:
|
Particulars |
Monthly (NPR) |
Annually (NPR) |
|
Basic Salary |
9,385 |
122,005 |
|
Dearness allowance |
5,615 |
72,995 |
|
Gross salary |
15,000 |
195,000 |
|
SSF contribution (11% of basic salary) |
(1,032) |
(13,421) |
|
SST-Not required |
- |
- |
|
Net cash income |
13,968 |
181,579 |
