Code on Wages
The Code on Wages, 2019 is a landmark Indian labour reform that subsumes the Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act, and Equal Remuneration Act. It introduces a universal floor wage across all industries and extends timely wage payment provisions to all employees irrespective of wage ceiling. HR and payroll teams must stay updated on rules notified under this Code by central and state governments.
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