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Minimum labour wages in India is determined under Minimum wages Act, 1948 and is determined by considering 5 factors as per the recommendations of 15th Labour Conference:
Currently, minimum wage rate in India are defined for nearly 2,000 different types of jobs for unskilled workers and over 400 categories of employment, with a minimum daily wage for each type of job. The monthly minimum wage calculation includes the variable dearness allowance (VDA) component, which accounts for inflationary trends, that is, the increase or decrease in the Consumer Price Index (CPI), and where applicable, the house rent allowance (HRA).
The calculation of the minimum wage factors in the skill-level of the worker and the nature of their work. Broadly, workers in India are categorized as unskilled, semi-skilled, skilled, and highly skilled.
Minimum wage lookup provides updated minimum wages information at a click which is expected to help organisations with labour wages in India. The filters deliver an ease in searching the respective minimum wages and assist in labour law compliance.
Code on Wages received the assent of the President of India in September 2020. The code absorbs our Central labour legislations namely the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965 and the Equal Remuneration Act, 1976. The code not only regulated the minimum labour wages in India but also the wages of employees performing managerial and supervisory duties.
The implementation date of Code on Wages along with the other three labour codes namely the Social Security Code, the Code on Industrial Relations and the Code on Occupational Safety, Health and Working Conditions will be notified to users as per the government’s notification.