Payment of Wages Act, 1936
The Act to regulate payment of wages to certain classes of employed persons. The main objective of the act is to ensure regular and prompt payment of wages and to prevent unauthorized deductions and arbitrary fines from the wages. The Act applies to payment of wages to persons employed in factory or railways. It also applies to any industrial or other establishment’. The Act can be extended to other establishment by State/Central Government.
Under the Payment of Wages Act, the wages include, any remuneration payable under any award or settlement between the parties or order of a Court. Any remuneration to which the person employed is entitled in respect of overtime work or holidays or any leave period; any gratuity payable on the termination of employment.
In this act wages means all remuneration (whether way of salary, allowance or otherwise) expressed in terms of money but does not include bonus which does not form part of remuneration payable, value of house accommodation, contribution to PF, traveling allowance or gratuity.The wages of every person employed be paid when less than 1000 persons are employed shall be paid before the expiry of the 7th day of the following month. When more than 1000 workers, before the expiry of the 10th day of the following month. All the required Registers should be maintain as per the Rules and Regulations.