Wage rate means rate of wages under section 6 of the relevant Act.
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The Payment of Wages Act, 1936 regulates payment of wages to employees (direct and indirect). The act is intended to be a remedy against unauthorized deductions made by employer and/or unjustified delay in payment of wages.
In section 6, the following proviso shall be added, namely:— “Provided that where the amount of entire bonus payable during a year to an employed person under the terms of employment or under any award or settlement or orders of a Court exceeds an amount equal to one-forth of his earningsFrom 1 July 2015 the National Floor Level of Minimum Wage was raised to Rs 160 per day.
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