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of <h1>Minimum Wages Components Under Code on Wages 2019: Basic Rate, Cost of Living Allowance, and Concessions Explained</h1> The Code on Wages, 2019, outlines the components of minimum wages that the appropriate government may fix or revise. These components may include a basic wage rate and a cost of living allowance, adjusted according to changes in the cost of living index. Alternatively, the minimum wage may comprise a basic rate with or without the cost of living allowance and the cash value of concessions on essential commodities. An all-inclusive rate covering these elements is also permissible. The cost of living allowance and concession values are calculated by an appointed authority as directed by the government.
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