Salary Exempt Minimum Wage 2024. The minimum salary may be hiked from 15,000 to 25,000 rupees. A further increase will take effect on january.
These salary requirements do not apply to outside sales. Beginning july 1, 2024, $132,965 or more per year;
The Ministry Of Labor And Employment Has Prepared A Proposal To Increase The.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week.
The Rule Increases This Minimum Salary Threshold, Initially To $844 Per Week ($43,888 Per Year) As Of July 1, 2024, And Then To $1,128 Per Week ($58,656 Per Year).
These salary requirements do not apply to outside sales.
The Department’s Regulations Require Executive, Administrative, And Professional (Eap) Employees To Be Paid At Least A Minimum Salary Amount To Be Exempt From The Fair.
The minimum salary may be hiked from 15,000 to 25,000 rupees.
Starting July 1, 2024, The Minimum Salary Requirement Will Rise To $844 Per Week, Which Equates To $43,888 Annually.