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Wednesday, 7 September 2011

Define wages and discuss those rules which are related to the responsibility of employer for the payment of wages and also explain the various types of wages

WAGES :-
All remuneration salary, allowance etc. in terms of money payable to person employed for his work, done in such employment is called wages. Wages includes bonus, additional remuneration and the amount payed on the termination of employment.
While the value of house accommodation contribution of employer in provident fund and pension is not included in the wages. In case of termination of employment gratuity is also not included in wages.


RESPONSIBILITY FOR THE PAYMENT OF WAGES

1. Time Of Payment :-
Where the establishment is employing less than 1000 persons, wages shall be paid before the expiry of the day of the next month. While in all other cases before the expiry of 10th day.

2. Wages Period Fixation :-
Any person who is responsible for the payment of wages shall also fix the period in which the wages are payable. According the law no wage period should exceed than one month.

3. Industrial Establishment :-
In this case any person who is responsible to the employer for the contract of the industrial establishment is responsible for the payment of wages.

4. Case Of Factories :-
In this case the manager of the factory is responsible for the payment of wages.

5. Case Of Railway :-
The railway administration or any person nominated on behalf of the railway is responsible for the payment of wages to the concerned local area.


DEDUCTIONS :-
Following are the important deductions which are made from wages of the employed persons.

1. Deduction of absent from duty.

2. Fines.

3. Deduction from the recovery of advances.

4. Deduction of provident fund.

5. Deduction of insurance premium.

6. Deduction of income tax.

7. Deduction of damage of loss by the worker.

8. Deduction under the court order.

9. Deduction for payment of co-operative society.

10. Deduction of amenities.

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