https://www.taxtmi.com/news?id=21864 The Code on Wages, 2019 consolidates wage, equal remuneration and bonus law, prescribing definitions and national application; mandates prohibition of gender-based wage discrimination for same or similar work; requires appropriate Governments to fix minimum rates (time or piece) with possible basic pay and cost-of-living allowance and provides for a Central floor wage; governs payment modes, wage periods, permissible deductions and overtime; creates entitlement and computation rules for statutory bonus, set-on/set-off of surplus, and timelines for payment; establishes Advisory Boards and Inspector-cum-Facilitators for administration and prescribes penalties, compounding and enforcement mechanisms. en-us Fri, 09 Aug 2019 10:36:58 +0530 Wed, 11 Feb 2026 15:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21864 The Code on Wages, 2019 consolidates wage, equal remuneration and bonus law, prescribing definitions and national application; mandates prohibition of gender-based wage discrimination for same or similar work; requires appropriate Governments to fix minimum rates (time or piece) with possible basic pay and cost-of-living allowance and provides for a Central floor wage; governs payment modes, wage periods, permissible deductions and overtime; creates entitlement and computation rules for statutory bonus, set-on/set-off of surplus, and timelines for payment; establishes Advisory Boards and Inspector-cum-Facilitators for administration and prescribes penalties, compounding and enforcement mechanisms. News - Fri, 09 Aug 2019 10:36:58 +0530 https://www.taxtmi.com/news?id=21864