https://www.taxtmi.com/news?id=21817 The Code on Wages, 2019 prohibits gender based wage discrimination, requires payment of notified minimum rates, and empowers the Central Government to fix a national floor wage with geographic variation. It prescribes components and procedures for fixation and revision of minimum wages, rules for overtime and multiple classes of work, and a consolidated bonus regime including computation, set on/set off across accounting years, disqualifications, and payment modalities. Enforcement mechanisms include appointed authorities for claims, Inspectors cum Facilitators with inspection powers, penal provisions, compounding rules, and broad delegated rulemaking for procedural and administrative matters. en-us Sun, 28 Jul 2019 11:54:56 +0530 Sun, 28 Jul 2019 11:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21817 The Code on Wages, 2019 prohibits gender based wage discrimination, requires payment of notified minimum rates, and empowers the Central Government to fix a national floor wage with geographic variation. It prescribes components and procedures for fixation and revision of minimum wages, rules for overtime and multiple classes of work, and a consolidated bonus regime including computation, set on/set off across accounting years, disqualifications, and payment modalities. Enforcement mechanisms include appointed authorities for claims, Inspectors cum Facilitators with inspection powers, penal provisions, compounding rules, and broad delegated rulemaking for procedural and administrative matters. News - Sun, 28 Jul 2019 11:54:56 +0530 https://www.taxtmi.com/news?id=21817