The Minimum Wages Act, 1948

1. This Act governs the minimum amount of wages or salaries to be paid to an employee or a worker.
2. The minimum wages of an employee depends upon certain factors such as:
   
   • Which State you belong?
   • Whether you are skilled or unskilled?
   • Which category you belong?
   • What is your designation and the industry in which you are working?
3. Every employee or worker should be aware about the minimum wages specified for their State.
    

Payment Of Wages Act, 1936

1. This act aims at dodging avoidable delay of payment of wages without any sort of deduction from the wages
2. Under the act, every company is bound to pay wages or salary to the employees by 7th of every month.
3. The Act also deliberates about the deductions and non- deductions on the salaries of employees.
4. Under this, the employers have no right to make any deduction and they have to pay the wages each month on time.
5. This act secures the employees from un-notified and un-ethical deductions made by the employer in pay of employees, assuring provisions relating to the timely payment of wages, payment of dues on termination of employees, retrenchment, etc.
6. To your surprise, even if you are terminated from the services you are qualified to take your salary for that particular month.
    

Equal Remuneration Act, 1976

1. If the company or an industrial establishment makes recruitment for a job at a similar position, then it must not discriminate on the grounds of sex, color or castes.
2. This act eradicates discrimination on the grounds of gender with regards to wages by employers or recruitment of the employees or allotment of similar works.
    

Payment Of Bonus Act, 1965

1. This act focusses on protecting the rights of employees relating to the payment of wages and additional perks.
2. It underscores the statutory bonus maintained by the Government for every employee.
3. The bonus awarded to an employee with respect to his wages is 8.33% of the wages.
4. the minimum limit set for awarding the bonus on wages is 8.33%. The percentage of awarding bonus can increase with respect to the profitability of the company. The maximum bonus including productivity linked bonus that can be paid in any accounting year shall not exceed 20% of the salary/wage of an employee.
5. Regardless of whether the employee/worker is skilled, unskilled, highly skilled, they are entitled to get the bonus if they have worked for at least 30 working days in that particular year.
    

The Employees Provident Fund Act, 1952

1. This Act aims at providing a specific contribution amount in terms of percentage from the employer as employee provident fund towards the social security of the employee
2. The firms or businesses having 20 or more employees working in any establishment should register with EPFO.
3. Act is applicable for every employee who works in a factory or any other establishment enclosed by the systems and any other than a left out an employee who is permitted to work for it and who have to become a member of the fund from the very date of joining the factory.
4. The deductions made from the salary of an employee are the savings that are deposited in the Provident Fund account and the pensions are given on retirement.
5. The employee contribution to the PF account is the deduction of 12% of his basic salary every month plus DA that is deposited in PF account and the employer contribution is 12+1% to the PF account of the employee.
    

The Maternity Benefit (Amendment) Act, 2017

1. This act underlines financial aid and employment security to maternal mothers during their tenure of employment. The Act defines rules for paid holidays to mother-to-be employee for taking care of themselves and their child
2. The amended Act enhanced the duration of paid maternity leave for women employees from 12 weeks to 26 weeks.
3. Paid maternity leave of 12 weeks is also applicable for adoptive mothers.
4. The Act makes crèche facility compulsory for any company employing 50 or more employees.
    

Code On Wages Act, 2019

1. The Code includes four major acts such as The minimum wages Act, Payment of wages Act, Payment of Bonus Act and Equal Remuneration Act
2. This code is a newly established act that had been enacted for the betterment of around 50 crore workers in India.
3. It highlights the provisions of minimum wages and timely payment of wages to all the workers by disregarding the sectors or the wage ceiling.
4. Also, this Code provides a separate definition for workers and employees.
    

The Employees State Insurance Act, 1948

1. The ESI Act provides remedial measures for employees who are sick, suffering from a disease or got injured during working hours at the workplace. It acts as a self-financing security for every employee in India.
2. It covers family medical insurance and accidental insurance. It also delivers dependents benefit for the dependent relative in case of death due to any sort of employment injury.
3. Overall 4% of wages are deducted to the ESI out of which minimum deduction of 0.75% is made from the salary of an employee and employer contribution amounts to 3.25%.
    

The Industrial Disputes Act, 1947

1. This act intends to provide a recourse to employees and employers in matters of disputes between both and also provides for the establishment of the Works Committee that consists of employers and workers to preserve good relations between them. It’s focus is the procedures for negotiations and the regulations to be followed before proceeding with employer-employee disputes to the court of law. The act specifies the minimum time period for serving the notice for retrenchment or resignation by an employee, the minimum working hours, holidays and related terms of employment.

Payment Of Gratuity Act, 1972

1. If an employee had worked in an establishment or company for a longer period, then it becomes the responsibility of a company to show their gratitude in the form of gratuity. The term ‘Gratuity’ means a sum of money paid to the employee at the end of his/her period of employment. Under the Act, if an employee had worked in a company for more than five years, then the company is responsible to award gratuity amount for 15 working days of every year. If an employee had worked in a company for 9 years, then the gratuity amount to be paid by the company with respect to 15 working days of every year shall be the salary of 135 days i.e. salary of 135 days has to be paid as gratuity amount.

Professional Tax Act