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What is the definition of Wages under the Payment of Wages Act, 1936? Answer: ing to the Act, the definition of Wages is as follows: 'Wages include all remunerations which are expressed in terms of money or are capable of being so expressed. Further, these are either by the way of salary allowances or otherwise.

1. : a payment usually of money for labor or services usually ing to a contract and on an hourly, daily, or piecework basis. often used in pl. 2. plural : the share of the national product attributable to labor as a factor in production.

No employer shall pay to any employee wages less than the minimum rate of wages notified by the appropriate Government. 6. (1) Subject to the provisions of section 9, the appropriate Government shall fix the minimum rate of wages payable to employees in ance with the provisions of section 8.

4. Fixation of wage-periods. - (1) Every person responsible for the payment of wages under section 3 shall fix periods (in this Act referred to as wage-periods) in respect of which such wages shall be payable. (2) No wage-period shall exceed one month.

In August 2019, the Indian Parliament passed the Code on Wages, 2019. The Code on Wages consolidates and replaces four existing labor laws related to wages, including the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976.

What is a Wage? A wage is the remuneration paid to an employee, usually on an hourly, daily, or piece rate basis. Wages are one of the primary expenses of an organization, comprising an especially high proportion of total expenses in service-oriented firms.

The Code on Wages, notified in August 2019, subsumes the provisions of four laws ? Payment of Wages Act, the Minimum Wages Act, the Payment of Bonus Act, 1965 and the Equal Remuneration Act. It applies to all establishments and to all employees in both organised and unorganised sectors.