Minimum basic salary for private sector raised to Rs. 21,000 from this month.

The minimum basic salary for private sector employees has been increased to Rs. 21,000, effective from this month. The Labour and Foreign Employment Ministry announced this in a press release, following Speaker Mahinda Yapa Abeywardena’s signing of the Act which was passed in Parliament to establish the new minimum wage.

According to the Ministry, this new minimum wage must be considered when calculating the Employees’ Provident Fund, Employees’ Trust Fund, and gratuity payments.