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The Minimum wages in Delhi with effect from 01.10.2019 to 22.10.2019 would be as under:

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Category of workmen	Rates notified vide notification dated 03.03.2017 (per month) (Amount in Rs.) Per month)	Minimum wages after adding DA & allowed by S.C (Amount in Rs.) (Per month)	DA w.e.f 01.04.2019 (per month) (Amount in Rs.) (Per month)	Minimum wages after adding D.A w.e.f 01.04.2019 to 30.09.2019 (Amount in Rs.) (Per month)	DA w.e.f 01.10.2019 (Amount in Rs.) (Per month)	Minimum Wages after adding DA w.e.f 01.10.2019 to 22.10.2019/date of notification (Amount in Rs.) (Per Month)	Minimum wages per day (Amount in Rs.)
Unskilled	13,350/-	14,000/-	468/-	14,468/-	338/-	14,806/-	569/-
Semi-Skilled	14,698/-	15,400/-	520/-	15,920/-	364/-	16,284/-	626/-
Skilled	16,182/-	16,962/-	546/-	17,508/-	416/-	17,924/-	689/-
	Clerical and supervisory Staff
Non Matriculates	14,698/-	15,400/-	520/-	15,920/-	364/-	16,284/-	626/-
Matriculates But not Graduate	16,182/-	16,962/-	546/-	17,508/-	416/-	17,924/-	689/-
Graduate and above	17,604/-	18,462/-	598/-	19,060/-	462/-	19,522/-	751/-

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The Minimum wages in Rajasthan has been revised with effect from 01^st May 2019.The amended rates for all the categories are as below:-

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RAJASTHAN Minimum Wages Rates for Shops and Establishment
Effective for the period From 01/05/2019
S.NO	Category	Rates of Minimum Wages(In Rupees)
		Per Month	Per Day
1	Unskilled	5850/-	225/-
2	Semi Skilled	6162/-	237/-
3	Skilled	6474/-	249/-
4	Highly Skilled	7774/-	299/-

 

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1. Features of Section 80EEB

a) Eligibility criteria

The deduction under this section is available only to individuals. This deduction is not available to any other taxpayer. Thus, if you are a HUF, AOP, Partnership firm, a company, or any other kind of taxpayer, you cannot claim any benefit under this section.

b) Amount of deduction

A deduction for interest payments up to Rs 1,50,000 is available under Section 80EEB. An individual taxpayer may have an electric vehicle for personal use or for business use. This deduction would facilitate individuals having an electric vehicle for personal use to claim the interest paid on the vehicle loan.

In case of business use, an individual can also claim the deduction up to Rs 1,50,000 under section 80EEB. Any interest payments above Rs 1,50,000 can be claimed as a business expense. To claim as a business expense, it is necessary that the vehicle should be registered in the name of the owner or the business enterprise.

Do note that an individual taxpayer should obtain the interest paid certificate and keep the necessary documents such as tax invoice and loan documents handy at the time of filing of the return.

2. Conditions for claiming the deduction

The loan must be taken from a financial institution or a non-banking financial company for buying an electric vehicle.The loan must be sanctioned anytime during the period starting from 1 April 2019 till 31 March 2023.“Electric vehicle” has been defined to mean a vehicle which is powered exclusively by an electric motor whose traction energy is supplied exclusively by traction battery installed in the vehicle and has such electric regenerative braking system, which during braking provides for the conversion of vehicle kinetic energy into electrical energy.

3. Promotion of electric vehicle mobility solution

The union cabinet has approved Phase-II of FAME scheme for promotion of electric mobility in the country. The FAME (Faster Adoption and Manufacturing of Electric Vehicles) is an incentive scheme of the government of India for the promotion of electric and hybrid vehicles in the country. The ultimate objective of the scheme is to promote electric mobility and the scheme offers financial incentives for the purchase of electric vehicles and the creation of electric transportation and charging infrastructure. Under the scheme, the incentives are available for 3 Wheelers, 4 Wheelers and electric 2 wheelers.

The Phase-II of the scheme has started from 1 April 2019 and will be completed by 31 March 2022. The Phase-II is an expanded version of the first phase. FAME India Phase II has a total outlay of Rs 10000 Crores over a period of 3 years from 1 April 2019 to 31 March 2022.

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