The Code on Wages, 2019

The Code on Wages universalizes minimum wage and bonus provisions to all employees across all sectors. It introduces a new definition of 'wages' where basic pay and dearness allowance must constitute at least 50% of total remuneration. This has significant implications for salary structuring, EPF/ESIC contributions, and gratuity calculations.

• Payment of Wages Act, 1936
• Minimum Wages Act, 1948
• Payment of Bonus Act, 1965
• Equal Remuneration Act, 1976