Code on Wages, 2019
Consolidates and subsumes four legacy labour enactments: Payment of Wages Act, Minimum Wages Act, Payment of Bonus Act, and Equal Remuneration Act.
Code on Wages, 2019
National Wage & Remuneration Standardization The Code on Wages standardizes the definition of 'wages' (mandating that allowances exceeding 50% of total compensation be treated as basic wages for provident fund and gratuity calculations), ensuring uniform national floor wages across all organised and unorganised sectors.
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Statutory Details
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