At the end of 2023, the government set the minimum and guaranteed wages for 2024. What is the monthly amount in both cases? What is the difference between the minimum and guaranteed wages? And what other areas does the minimum wage affect? You can find out all about this in our article.
Minimum wage in 2024
The minimum wage increases every year. In 2024, the minimum gambling data korea wage increased by CZK 1,600 to CZK 18,900 . The minimum wage increase is valid from January 1, 2024.
This basic minimum wage rate is set for full-time work, i.e. a 40-hour workweek. The minimum wage does not include overtime pay, bonuses for working on public holidays, for night work, for working in a difficult working environment or for working on Saturdays and Sundays.
For agreements made outside of an employment relationship , the hourly minimum wage is used instead of the minimum monthly wage , which for 2024 is set at CZK 112.50 per hour.
Development of the minimum wage in the Czech Republic
The difference between minimum and guaranteed wage
The minimum wage indicates the lowest possible remuneration for an employee, regardless of the type of work they do. The minimum wage applies to all professions throughout the Czech Republic.
The guaranteed wage can never be lower than the minimum wage.
Guaranteed wage amount in 2024
In December 2023, the government decided that the guaranteed wage would increase by CZK 1,600 for jobs classified in categories 1, 2 and 3 from January 1, 2024. For jobs classified in category 8, there will be an increase of CZK 3,200.
For other job groups (4, 5, 6 and 7), the guaranteed wage level in 2024 will remain the same as in the previous year.
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What does the minimum wage affect?
The minimum wage has an impact not only on. Therefore, the employees who will netflix dominate the entertainment world? receive it, but also on a number of other areas. What are they?
Extra pay for working in difficult environments
The increase in the minimum wage Therefore, will affect employees working in difficult environments. The wage supplement in difficult environments is based on . Therefore, the minimum wage and is at least 10% of the minimum wage .
At an amount of CZK 18,900, this is a surcharge of a minimum of CZK 1,890. As for the minimum hourly surcharge rate, its lower limit is CZK 11.25 per hour .
Increase in health insurance contributions
With the increase in the minimum wage, the minimum assessment base for health insurance contributions for part-time workers and for persons . Therefore, without taxable income will also increase. In the case of persons without taxable income, the amount of health insurance contributions is 13.5% of the minimum wage. In 2023, this was CZK 2,336, in 2024 the amount of health insurance contributions for these persons is CZK 2,552 per month .
Tip
A business credit card from ČSOB protects thailand data your business.This income threshold is six times the minimum wage. While in 2023 it was CZK 103,800, in 2024 the minimum. Therefore, annual income for the tax bonus will be CZK 113,400 .
Increasing the limit for pension tax exemption
The increase in the minimum wage may also have a positive impact on some seniors. Therefore, specifically those with very high pensions. Pensions are exempt from tax if their annual total does not exceed 36 times the minimum wage .
In 2023, it was necessary to tax a pension exceeding CZK 622,800 per year. In 2024, this will be CZK 680,400 per year , which corresponds to a pension of CZK 56,700 per month.
What is the minimum wage for 2024 in neighboring countries?
The minimum wage increase did not only occur in the Czech Republic. Therefore, but also in Poland, Slovakia and Germany.