Wage Policy In India
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- Words: 593
- Pages: 15
ª
0É
ÉÉ
ª ª
m
V Regulating payment of wages Imposing fines/deduction from wages Laying down `Wage period` Time and Mode of payment of wages
² V " % (
! # $ & '$' ' ! )ª
ª V
* * ' (%++ V ' $ % V ,* ' - $ ' ' ' . * . * $ ' $ / ' ' 01
!" # V $!" #%&! '( ñaily, Weekly, Fortnightly, Monthly V %!#"( )"* '!after wage period [working day] V +"* '![employees more than 1,000]
V Mode of payment-Coins and currency notes V m!#" # ! %,!"*%- ominee or
prescribed authority V %".# /% " !#'%0' (% !##.!".# "* 1"* 2%%& # !2
m ,'.0" # V !$ .''.0" # M 1+3 where contribution to Cooperatives - )13 V .#' - Absence from duty Fines ñamages/loss caused Recovery of Advances Tñ Employees` EIC, PF Contributions, LIC premium Amenities provided Court Orders [Recovery]
THE MINIMUM WAGES ACT 1948 To provide for Minimum wages for certain employees To stop exploitation of labour The acts also provides for maximum daily hours, weekly rest day and overtime
Y 2 V $ &* ' V $ $3 V ' * $$ $ $$ $
2 & . & . '&
V $' * 2 '
' * V * 2 * ' V
* 2 *
V $4' '2 ' $
$
'
m m!#"% ! "*!#% $' # . &! M V Imprisonment upto 6 months or fine upto Rs. 5oo or both #"!4#" #%!#%.' M V Fine upto Rs. 500
ñ $ *
² V * & $ ' V 5 $ V * *6 $-'' *6 5 * $-
V * ' ' $- * $ ' ' V
*6 ' * &
0É
ÉÉ
ª ª
m
V Regulating payment of wages Imposing fines/deduction from wages Laying down `Wage period` Time and Mode of payment of wages
² V " % (
! # $ & '$' ' ! )ª
ª V
* * ' (%++ V ' $ % V ,* ' - $ ' ' ' . * . * $ ' $ / ' ' 01
!" # V $!" #%&! '( ñaily, Weekly, Fortnightly, Monthly V %!#"( )"* '!after wage period [working day] V +"* '![employees more than 1,000]
V Mode of payment-Coins and currency notes V m!#" # ! %,!"*%- ominee or
prescribed authority V %".# /% " !#'%0' (% !##.!".# "* 1"* 2%%& # !2
m ,'.0" # V !$ .''.0" # M 1+3 where contribution to Cooperatives - )13 V .#' - Absence from duty Fines ñamages/loss caused Recovery of Advances Tñ Employees` EIC, PF Contributions, LIC premium Amenities provided Court Orders [Recovery]
THE MINIMUM WAGES ACT 1948 To provide for Minimum wages for certain employees To stop exploitation of labour The acts also provides for maximum daily hours, weekly rest day and overtime
Y 2 V $ &* ' V $ $3 V ' * $$ $ $$ $
2 & . & . '&
V $' * 2 '
' * V * 2 * ' V
* 2 *
V $4' '2 ' $
$
'
m m!#"% ! "*!#% $' # . &! M V Imprisonment upto 6 months or fine upto Rs. 5oo or both #"!4#" #%!#%.' M V Fine upto Rs. 500
ñ $ *
² V * & $ ' V 5 $ V * *6 $-'' *6 5 * $-
V * ' ' $- * $ ' ' V
*6 ' * &
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