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of <h1>Key Definitions in the Code on Wages, 2019: Understanding 'Wages,' 'Employee,' and Exclusions for Effective Wage Regulation</h1> The Code on Wages, 2019, defines key terms relevant to wage regulation in India. It specifies 'accounting year' as starting on April 1, and defines entities like 'Advisory Board,' 'appropriate Government,' and 'company' under respective laws. It clarifies roles such as 'contractor' and 'contract labour,' and outlines the scope of 'corporation,' 'direct tax,' and 'employee.' The Code details what constitutes 'wages,' excluding bonuses, housing, and certain allowances. It also defines 'worker,' excluding military personnel, police, and those in managerial roles. Additionally, it sets parameters for 'minimum wage' and 'industrial dispute.'
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