10 Most Important Difference between the Payments of Wages Act, 193and the Minimum Wages Act, 194

10 Most Important Difference between the Payments of Wages Act, 193and the Minimum Wages Act, 194 are given below:

The Payment of Wages Act, 193:

1. Section 2 (VI) of the Payment of Wages Act, 1936 defines “Wages”.

2. The Act is intended to regulate the payment of wages, to certain classes of persons employed in industry. Its object is to ensure payment of wages, in a particular form, at regular intervals without any unauthorized deductions.

3. House rent allowance is not included in wages.

4. Any additional remuneration payable under the terms of employment whether called a bonus or by any other names does not include “Wage”.

5. “Wages” includes for overtime work, or holidays or leave period.

6. Wage includes any remuneration payable under any award, settlement or orders of a court.

7. Any sum which by reason of the termination of employment of the person employed is payable under any law, etc. is included in wages.

8. Any sum to which the person employed is entitled under any scheme framed under any law shall include in wages.

9. It applies to all the areas in the country.

10. The primary purpose and object of this Act is to prevent the delay in payment of wages to the workers.

The Minimum Wages Act, 194:

1. Section 2 (h) of the Minimum Wages Act, 1948 defines “Wages”.

2. The Act is intended in setting up of the minimum wage fixing machinery in industries in which no arrangement exists for the effective regulation of wages by collective agreements or otherwise and wages are exceptionally law. It avoids exploitation against employees.

3. House rent allowance is included in wages.

4. Such additional remuneration is not included in wages.

5. It does not include such remunerations,

6. It does not include any remuneration payable under any award, settlement or order of a court.

7. It does not include in “Wages” of Act XI/1948.

8. It does not include wages.

9. The application of this Act may vary from area to area, State to State.

10. The primary purpose and object of this Act is to fix at least the minimum wages for the needs of the employees and to avoid explanation of labour.

Submitted by : Dr. Hansaveni, Category : Knowledge, Tag : Essay on Existentialism