Arly Shauna

Flsa Minimum Salary Threshold 2024 India. The final rule will increase the standard salary level and the highly compensated employee total annual compensation threshold on the rule’s effective date. On july 1, 2024, the threshold increased to $44,000, and by january 2025, it will reach nearly $59,000.

As of july 1, 2024, substantially more employees became eligible for minimum wage and overtime requirements as a result of the department of labor’s (dol) increases in the. This fact sheet provides information on the salary basis requirement for the exemption from minimum wage and overtime pay provided by section 13 (a) (1) of the flsa as defined.