Minimum Wages Act, 1948
This is an act concerning the rate of wages for the skilled and non-skilled workers. Also, ensuring their standards of living while working in a factory as an employee. For minimum wages act,1948 there was a committee established for the fair wage to the employees. Thus the Indian Government has made it mandatory for the employers to ensure their workers the standard of living, comfort, dignity, education, sanity, health, and provide for any contingency. The minimum wage not just defines the wage subsistence but also provide the employees with the all the levels of comfort, medical requirements and also education.
The essentials of the wages act:
- The wages should be by way of remuneration
- It should have the capability of expressing in terms of
- Also, it should be payable to the workers employed for a specific role in the factory
- If it fulfils the terms and conditions of employment, therefore it becomes payable.
- Including the allowance for house rent
The types of wages:
- The living wage;
- The fair wage;
- Then comes the minimum wage
The main provision of the act:
The Government fixes the minimum wage rates payable to the workers, working in a factory. The Government reviews and revises the wages rate annually. The term ‘Minimum wages’ seems small but it covers the whole of India. Every state has to follow the rules set by the Act, 1948.
Therefore, the employers are liable to pay the workers the set amount of wages every month. The deductions are exempted and done under only the under the authorised permission.
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