Introduction
The Payment of Wages Act Amendment 2017 is an amendment to the Payment of Wages Act 1936, which was enacted to regulate the payment of wages to certain classes of persons employed in factories, mines, plantations, and other establishments. The amendment seeks to increase the wage limit under the Payment of Wages Act from 18,000 rupees to 24,000 rupees. This amendment is aimed at providing greater protection to workers and ensuring that they receive their wages in a timely manner. The amendment also seeks to ensure that employers comply with the provisions of the Act and that workers are not subjected to any form of exploitation. The amendment also seeks to ensure that workers are not subjected to any form of discrimination in terms of wages.
Payment Of Wages Act Amendment 2017, Wage Limit Under Payment Of Wages Act Increased To 24000 Rs
The Payment of Wages (Amendment) Act, 2017 was passed by the Parliament of India on August 2, 2017. The Act amends the Payment of Wages Act, 1936. The Act increases the wage limit under the Payment of Wages Act, 1936 from Rs. 18,000 to Rs. 24,000. This means that all wages up to Rs. 24,000 per month are now covered under the Payment of Wages Act, 1936. The Act also provides for the payment of wages through cheque or by crediting the wages in the bank account of the employee. The Act also provides for the payment of wages in cash, if the employee so desires. The Act also provides for the payment of wages on a weekly or fortnightly basis. The Act also provides for the payment of wages on a fixed date of the month. The Act also provides for the payment of wages without any deductions, except those authorized by law. The Act also provides for the payment of wages to the legal heirs of the deceased employee. The Act also provides for the payment of wages to the employees who are on leave or are absent from work due to illness. The Act also provides for the payment of wages to the employees who are on strike. The Act also provides for the payment of wages to the employees who are laid off. The Act also provides for the payment of wages to the employees who are on maternity leave. The Act also provides for the payment of wages to the employees who are on leave for any other reason. The Act also provides for the payment of wages to the employees who are on probation. The Act also provides for the payment of wages to the employees who are on suspension. The Act also provides for the payment of wages to the employees who are on lay-off. The Act also provides for the payment of wages to the employees who are on leave without pay. The Act also provides for the payment of wages to the employees who are on leave for any other reason. The Act also provides for the payment of wages to the employees who are on leave for any other reason.
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The wage limit for payment of wages act increased to 24000 Rs from 18000 Rs i.e this act applicable to employees whose monthly salary is less than 24000 Rs or equal to 24000 Rs. Earlier the ceiling wages limit under payment of wages act is 18000 Rs. As per this latest payment of wages act amendment 2017 now more number of employees will be covered under this act.
Payment Of Wages Act Amendment 2017
The central government of India will enhance the wage limit for the applicability of this act for every 5 years on the basis of the index of consumer expenditure survey brought out by the national sample survey office of ministry of statistics programme implementation, by notification in the official gazette.
↓ Download Payment Of Wages Act Amendment 2017 Notification.
So as per this latest payment of wages act amendment 2017 the new wage limit under payment of wages act is 24000 Rs.
What Is Payment Of Wages Act 1936:
The main aim of the Payment of wages act 1936 is to regulate the payment of wages of employees i.e to implement timely wages of employees and to save employees from various types of salary deductions.
As per this act employer has to deduct only authorized deductions like accommodation charges, provident fund deduction, insurance deduction, income tax deduction, deduction due to absence. Loans recovery etc..
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Some Important Points About Payment Of Wages Act 1936
- As per this act employer has to pay salary to their employees through currency or cheque or through credit into the bank accounts of employees.
- Salary must be paid with in the 7th day of the month when there are less than 1000 employees. In other cases, it must be 10th of the month.
- The employer has to maintain registers like the register of wages, register of fines, register of advances and register of wage deductions in case of damage or loss.
- The total salary deduction will not exceed more than 75% of the total wage of the employee.
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Payment Of Wages Act Amendment 2017
The Payment of Wages Act, 1936 has been amended by the Indian Government in 2017. The amendment has increased the wage limit under the Payment of Wages Act from 18,000 to 24,000 rupees. This amendment is aimed at providing better protection to workers and ensuring that they receive their wages on time.
The Payment of Wages Act, 1936 is a central legislation that regulates the payment of wages to certain classes of persons employed in factories, mines, plantations, railways, shops, and other establishments. The Act provides for the payment of wages in cash or by cheque or by crediting the wages in the bank account of the employee. It also provides for the fixation of wage-periods, the time of payment of wages, and the deductions that may be made from the wages of the employees.
The amendment to the Payment of Wages Act, 1936 has increased the wage limit from 18,000 to 24,000 rupees. This amendment is expected to benefit a large number of workers who are employed in the unorganized sector. The amendment will ensure that workers receive their wages on time and that they are not subjected to any kind of exploitation.
The amendment to the Payment of Wages Act, 1936 is a welcome step by the Indian Government. It will ensure that workers receive their wages on time and that they are not subjected to any kind of exploitation. This amendment will also help to reduce the wage gap between the organized and unorganized sectors.
