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(c) any leave or holiday, with or without pay, granted by the employer to an employee in the period of six days immediately preceding the rest day], shall be deemed to be days on which the employee has worked.

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.

Wage period means, in relation to an employee and his/her employer, the period for which the employee is paid, or should be paid, Relevant Income by the employer.

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.

Fixation of wage-periods A salary period of more than one month is prohibited. This means that wages can only be paid on a daily, weekly, fortnightly (every 15 days), or monthly basis. ing to this statute, the salary period for payment of wages to employees by the employer should not exceed 30 days, or one month.

If the person is paid for his services ing to time, it is called time wages. For example, if the labor is paid Rs. 35 per day, it will be termed as time wage. Cash wages refer to the wages paid in terms of money.

(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.

? (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.