The Code on Wages, 2019 amalgamate, simplify and rationalize the relevant provisions of the following four Central Labour enactments relating to wages, namely: The Payment Wages Act, 1936 The Minimum Wages Act, 1948 The

The definition of Wages excludes bonus payable to employees, value of house accommodation and utilities, any travelling allowance, employer contribution to pension and provident fund, any special expenses, award or settlement, overtime allowance, commission payable to employee, and gratuity payable on termination of the employment. The specified exclusion however may not exceed 50 percent of all remuneration and if exceeding, that amount shall be deemed as remuneration and will be considered as Wages.