Code on Wages, 2019
Consolidates 4 wage-related laws into one. Introduces a NATIONAL FLOOR WAGE below which no state can set its own minimum. Extends minimum wage protection to ALL employees (earlier limited to scheduled employments).
- •Payment of Wages Act, 1936
- •Minimum Wages Act, 1948
- •Payment of Bonus Act, 1965
- •Equal Remuneration Act, 1976
- National floor wage (Centre-notified) becomes the absolute minimum for any state
- Coverage expanded — every employee, every establishment, regardless of skill or sector
- Definition of "wages" standardised across all 4 absorbed laws — 50% basic + DA minimum
- Universal applicability: factories, mines, plantations, govt offices, shops & establishments
- Equal remuneration provision retained — no gender pay discrimination for same/similar work
- Bonus: 8.33% minimum, 20% maximum (unchanged); applicability cap raised to ₹21,000/mo
- Single licence + single registration + single return — compliance simplification