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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.

The following list presents the information that must be considered before finalizing the minimum wages for the year 2021-22: A minimum daily wage rate for daily wage earners is calculated by dividing the monthly rate by 26 days and including wages for four weekly holidays.

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.

(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 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.

That other person shall be convicted of the offence and shall be liable to the like punishment as if he were the employer and the employer shall be discharged: Provided that in seeking to prove, as aforesaid, the employer may be examined on oath, and the evidence of the employer or his witness, if any, shall be subject ...

"Wages" means all remuneration, earnings, allowances, tips and service. charges, however designated or calculated, payable to an employee in respect. of work done or work to be done.