Download CRITICAL ANALYSIS OF THE DEFINITION OF WAGES UNDER THE INDUSTRIAL DISPUTES ACT, 1947 and more Study Guides, Projects, Research Labour Law in PDF only on Docsity! CRITICAL ANALYSIS OF THE DEFINITION OF WAGES UNDER THE INDUSTRIAL DISPUTES ACT, 1947 ARMY INSTITUTE OF LAW MOHALI, PUNJAB SUBMITTED BY: S.PAVITHRA (1932) SUBMITTED TO: DR.KIRANDEEP KAUR (ASST. PROFESSOR OF LAW) SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF B.A.LLB DEGREE 3 YEAR (LABOUR AND INDUSTRIAL LAW) Affiliated to Punjabi University, Patiala DECLARATION It is certified that the project work presented in this report titled “CRITICAL ANALYSIS OF THE DEFINTITION OF WAGES UNDER THE INDUSTRIAL DISPUTES ACT, 1947” is the result of collection and interpretation of data from different websites and books. DATE: 12-08-2021 NAME: S.PAVITHRA (1932) PLACE: HYDERABAD DEFINITION OF WAGES “* Section 2(rr) of The Industrial Disputes Act, 1947 defines Wages: “Wages” means all the remuneration capable of being expressed in terms of money, which would, if the terms of employment, expressed or implied were fulfilled, to be payable to a workman in respect of his employment or of work done in such employment. “> Wages include: i. ii. iii. iv. Such allowance (including Dearness Allowance) as the workman is for the time being entitled to; The value of any house accommodation, or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of food grains or other articles; Any travelling concessions; Any commission payable on the promotion of the sales or business or both. “+ Wages does not include: c. Any bonus; Any contribution paid or payable by the employer to any pension, fund or provident fund or for benefit of the workman under any law for the time being in force; Any gratuity payable on the termination of service of workman. “> Kinds of Wages: There are three types of wages: 1. Fair Wages: -In this wages, workmen gets payment. He can also enjoy all the luxuries even though his work is inferior. Developed country pay fair wages. Living Wages: -In living wages there is better payment but it is less than fair wages. In living wages also workmen can get partial luxuries. Developing countries are paying living wages. 3. Minimum Wages: -In directive principal it is mentioned that living wages to be paid to workmen but it is not implemented. In India minimum wages are paid to workmen. It is very less payment in which workmen cannot enjoy any luxury. «> Fixation of Wages: In fixing the proper wage scale the following factors should be taken into account: 1) Work load, i.e., the hours of work; 2) The need of the workmen; 3) The financial resources of the employer; 4) The rates of wages prevailing in other industries in the same region. WAGES UNDER OTHER ACTS
