Regulate Wage Pdf For Free

(h) "wages" means all remuneration, capable of being expressed in terms of. money, which would, if the terms of the contract of employment, express or. implied, were fulfilled, be payable to a person employed in respect of his.

The Payment of Wages Act regulates the payment of wages to workers within the stipulated time and prevent unauthorised deductions. The Payment of Wages Act applies to employees who receive wages below Rs. 10,000 per month.

Wage regulation refers to attempts by a government to regulate wages paid to citizens.

To prevent exploitation of the workers by the employers. To ensure that the labourers can maintain a decent standard of living. To provide basic physical needs, good health and a level of comfort to the employees. To penalise the employers when they fail to provide minimum wages to the workers.

The Wage Code regulates wage and bonus payments in all employment. The Code combines the provision of the following four laws: (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976. The Wage Code repeals the above 4 laws.

There are three kinds of wages minimum wage, fair wage & living wage. At the bottom of the ladder there is the minimum basic wage which the employer of any industrial labour must pay in order to be allowed to continue in industry.

The Wage Code regulates wage and bonus payments in all employment. The Code combines the provision of the following four laws: (i) the Payment of Wages Act, 1936, (ii) the Minimum Wages Act, 1948, (iii) the Payment of Bonus Act, 1965, and (iv) the Equal Remuneration Act, 1976.