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In general, the term “salary” is used in India to denote compensation to white-collar employees, while the term “wage” is used to denote the payment made to blue-collar workers. The legislation governing the wages is The Minimum Wages Act, 1948.
Read this section to know how wages are calculated, what all constitutes the remuneration that is payable to blue-collar workers. Also, get answers to our most frequently asked questions such as when an employee is eligible to receive Overtime Pay under the Minimum Wages Act, 1948 Or Factories Act, 1948 and the obligation of an employer to pay annual bonus and eligibility criteria for an employee to receive the bonus.
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