Code on Wages, 2019

-

 

The Code of Wages is an Indian law that changes and codifies the country's rules governing wages and bonus payments. In August 2019, the Indian Parliament approved the Code on Wages, which repeals the following four labor laws:

1. The 1936 Payment of Wages Act.

2. The 1948 Minimum Wages Act.

3. The 1965 Act on Bonus Payment.

4. 1976's Equal Remuneration Act.

A foundation for paying wages and bonuses is provided by the Code on Wages, which strives to standardize and streamline wage-related laws in India. It specifies specific rules and regulations for determining wages, setting minimum wages, paying payments on time, and other related issues.

The Code on Wages mandates the payment of a minimum wage, the payment of wages within a specific amount of time, and the prohibition of gender-based wage discrimination. It is applicable to all employees in all industries, both organized and unorganized. Praans Consultech Provide very affordable price and provide many types of services.

Comments

Post a Comment

Popular posts from this blog

Labour Law in India

-
Image
                                              Labour Law in India The concurrent list of the Indian Constitution governs labor laws. It implies that the State and Central Governments have the authority to create or modify labor laws in accordance with their needs. A vast and complex body of law known as labor law regulates the relationship between employers and employees. These laws are designed to protect the rights and interests of employees and to advance ethical employment practices. India's employment laws encompass a wide range of issues, including salary, working conditions, labor disputes, social security, and more. The following gives a brief outline of some of the significant elements of Indian labor law:                                  Important Labour Law in India 1. Industrial Disputes Act of 1947:-  This law regulates employment conditions, layoffs, and retrenchments and creates processes for settling labor disputes. Additionally included are the conciliation and arb
Read more

Shop and Establishment Registration in Delhi

-
Image
The working conditions of employees who work in shops, establishments, and other companies governed by Delhi State are governed by a State-specific Act. Within 30 days after opening, any shop or establishment must register with Delhi's Shop and Establishment Registration Office. A fine and penalty are assessed for failure to register. The governing body is the Delhi Labour Department. Delhi Govt. also implemented the rules related to the  Delhi Shops and Establishments Act,1954  called The Delhi Shops and Establishments Rules,1954. You must take the following actions in Delhi in order to register a store: Obtain a trade license :- The first step to registering your shop in Delhi is to obtain a trade license. This license can be obtained from the local Municipal Corporation of Delhi (MCD) office. The trade license is mandatory for all businesses in Delhi and can be obtained by filling up an application form and paying the necessary fees. Register your business : - You will also need
Read more

Labour Welfare Fund

-
Image
  A social security program called the Labour Welfare Fund (LWF) attempts to help workers in India's organized sector. Workers in specific industries, such as those employed in factories, plantations, mines, construction sites, and other facilities, are eligible for the fund, which is controlled by state governments. The LWF aims to support employees in a variety of ways, including by supplying financial aid in the event of an illness, disability, or pregnancy and by providing other social services like housing, healthcare, and educational opportunities. 😊 The rates of contribution for both employees and employers differ from state to state. Due date as well differ from state to state in India. The due date, penalty, and all applicable state rates of contribution are all provided by  Praans Consultech.   The LWF requires employers to make contributions on behalf of their staff members. The monies received from the contribution, which is often a small portion of the employee's
Read more