Summary / Important Points of MINIMUM WAGES ACT 1948 India in Word / Doc / Pdf Free Download
FORM X (Notice
Rule 23)
Abstract of the
Minimum Wages Act, and the Rules made there under
I.
Whom the Act
affects
(a) The Act applies to persons engaged on scheduled
employments on specified class of work in respect of which minimum wages have
been fixed.
(b) No employee can give up by contract or agreement his
rights in so far it purports to reduce the minimum rates of wages fixed under
the Act.
II.
Definitions of
Wages
1) "wages" means all remuneration, payable to
an employed person on the
fulfillment
of his Contract of employment. It includes:
(i) the value of
any house- accommodation, supply of light, water, medical attendance, or
any
other amenity or any service excluded by general or special order of the
appropriate
Government;
(ii) Any contribution paid by the employer to any
Pension Fund or Provident Fund or
Under
any scheme of social insurance;
(iii) Any
traveling allowance or the value of any traveling concession;
(iv) Any sum
paid to the person employed to defray special expenses entailed on him by the
nature
of his employment; or
(v) Any
gratuity payable on discharge;
2)
The minimum rates of wages may consist of:
i)
A basic rate of
wages and a special allowance called the cost of living allowance
ii)
A basic rate of
wage with or without a cost of living allowance and the cash value of any
concessions, like supplies of essential commodities at concession rates
iii)
An all-inclusive
rate comprising of basic rate, cost of living allowance and cash value of
concession, if any.
3) The
minimum wages payable to employees of scheduled employments notified under
Section 5 read with Section 3 or as revised from time to time under Section 10
read with section 3 may be:
a)
A minimum time
rate,
b)
A minimum piece
rate,
c)
A guaranteed time
rate,
d)
An overtime rate
Differing with (1) different scheduled employments, 2)
different classes of work, 3) different localities, 4) different wage period,
5) different age group.
