Wage Code
Simplifying Wage Structuring, Statutory Deductions, and Payroll Compliance
The Code on Wages, 2019: Equity and Uniformity
The primary purpose of the Wage Code is to universalize the right to a minimum wage and ensure timely payment across all sectors. By subsuming four major acts (including the Minimum Wages Act and Equal Remuneration Act), it aims to:
Establish a National Floor Wage
To prevent “wage undercutting” by states and ensure a nationally uniform minimum standard of living across the country.
Standardize Remuneration
It introduces a uniform definition of ‘wages,’ reducing long-standing disputes over which salary components attract statutory contributions
Enforce Gender Pay Parity
The code prohibits discrimination in recruitment and wages based on gender (including transgender identity) for similar work.
Ensure Timely Pay-outs
It mandates that wages be paid by the 7th of every month across all industries, providing financial predictability to the workforce.
Our Wage Code Services includes
- Assistance in Maintenance of Prescribed Records
- Filing Statutory Returns on behalf of the Clients
- Disclosure of Statutory Notices at Client’s locations
- Audit Readiness for Clients
- Maintenance of Registers of Employees of Clients
- Wage Slips Generation of Employees of Clients
- Assistance in Data Verification Support
- Ensuring Payment Protocols covering Authorized Modes of Wage Disbursal
- Indulge in Wage Period Fixation, Computation & Timely Wage Disbursement
- Computation of Settlement Costs on Employee Separation
- Wage Payment Structuring
- Holistic Analysis of Wage Components viz inclusions and exclusions to determine minimum wages
- Assistance in Compliance Verification
- Assistance in Wage Rate Fixation for Piece Work Employees
- Advisory on Night Shifts Working
- Computation of Overtime Payment to Employees
- Assistance in implementation of Authorization and Procedures in connection to employees of the clients
- Advisory on Payment of bonus to employees of the clients
- Advisory to clients on dealing with Contractors and Contract Labour
- Filing applications towards claims prescribed under this Code
- Assistance in Audit Compliance initiated by Labour Authorities
- Assistance in Filing of Appeals before Appellate Authority
- Handling Inquiries undertaken by the Government
- Legal Representation on behalf of the Clients
- Assistance in Composition of Offences
