Minimum Wage is the legally established lowest wage rate that employers must pay to their workers.
Wages Exclude
Accomodation, supply of light, water, medical attendance
Contribution of PF
Travelling Allowance
Gratuity Payable
Minimum Rate of Wages
Basic Rate of Wage + Cost of Living Allowance + Cash Value of Concession
Types of Minimum Wages
Minimum Time Rate
Minimum Piece Rate
Guaranteed Time Rate
Overtime Rate
DEDUCTIONS FROM MINIMUM WAGES CAN BE MADE IF AUTHORISED BY RULES
Permissible Deductions: Fines, absence from duty, damage or loss of entrusted goods, house accomodations, income tax, court or authority orders, PF, etc.
Procedures for Fines and Deductions: Employees must be explained and allowed to explain.
Deductions require written authorization except when the employee gives written consent.
Employers must submit an Annual return (Form III) to the Inspector, showing the deductions made from wages, by Februsry 1st, following the end of the relevant year.
THE EMPLOYER MUST HAVE
Maintain a Registervof Wages.
Issue Wage-Slips to every employee.
Authenticate Wage-book and Wage-slip.
Maintain Additional Registers.
Display of Notices with information of Inspector.
Preserve all Records.
Production of Records before Inspector on demand.
Inspectors have authority to exercise their powers.
Application to be given to Authority if employee is paid less.
Single Application can be given on behalf of a group of employees.
Complaints can be filed with the Court.
Authority has the power to impose payements.
Penalties of offences can be imprisonment for upto 6 months, or a fine of upto ₹ 500 , or both.