Basic Wages - Law Dictionary Search Results
Home Dictionary Name: basic wagesBasic wages
Basic wages, means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include-(i) the cash value of any food concession; (ii) any dearness allowance (that is to say, all cash payments by whatever name called paid to an employee on account of a rise in the cost of living), house-rent allowance, overtime allowance, bonus commission or any other similar allowance payable to the employee in respect of his employment or of work done in such employment; (iii) any presents made by the employer. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (b)]The phrase 'basic wages' is ordinarily understood to mean that part of the price of labour, which the employer must pay to all workmen belonging to all categories. The phrase is used ordinarily in marked contra-distinction to 'dearness ...
Average of the basic wage
Average of the basic wage, the expression 'average of the basic wage' can only mean the wage earned by a workman during a month divided by the number of days for which he has worked and multiplied by 26 in order of arrive at the monthly wage for the computation of gratuity payable, Delhi Cloth and General Mills Co Ltd. v. Workers, AIR 1970 SC 919 (938): (1969) 2 SCR 307. [Industrial Disputes Act, (14 of 1947) Sch. 3 item 5]...
Fifteen day's wages
Fifteen day's wages, In any factory it is well known that an employee never works and could never be permitted to work for all the 30 days of the month. He gets 52 Sundays in a year as paid holidays and, therefore, the basic wages and dearness allowance are always fixed by taking into consideration this economic reality ..... A worker gets full month's wages not by remaining on duty for all the 30 days within a month but by remaining on work and doing duty for only 26 days. The other extra holidays may make some marginal variation into 26 working days, but all wage boards and wage fixing authorities or tribunals in the country have always followed this pattern of fixation of wages by this method of 26 working days, Digvijay Woollen Mills Ltd. v. Mahendra Prataprai Buch, AIR 1980 SC 1944: (1980) 4 SCC 106: (1981) 1 SCR 64....
Salary or wages
Salary or wages, means all remuneration (other than remuneration in respect of over-time work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living), but does not include--(i) any other allowance which the employee is for the time being entitled to;(ii) 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 foodgrains or other articles.(iii) any travelling concession;(iv) any bonus (including incentive, production and attendance bonus);(v) any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the employee under any law for t...
Wages
Wages, if the remuneration is to be paid daily or weekly, it can be called wages. But when it is monthly remuneration payable on the last day of the month or after that date, and when the remuneration considering the general standards of payments is fairly high, then it has to be understood as salary, K.V.V. Sharma (in re), (1952) 2 Mad LJ 917.Includes any bonus or other additional remunera-tion etc., and any sum 'payable to such person by reason of the termination of his employment, A.R. Sarin v. B.C. Patil, AIR 1951 Bom 423.Means remuneration payable to an employee under an award or settlement, Purshottam v. Potdar, AIR 1966 SC 856.Means remuneration which an employer is liable to pay, if the term of the contract of employment are fulfilled. In other words, they are payments made by an employer for services rendered, G.M. Joshi v. First Civil Judge, AIR 1958 Bom 262.Wages, ought to include gratuity as well, Tirjugi Sitaram v. Badlu Prasad Bheru Prasad, AIR 1962 MP 361.The compensatio...
fringe benefit
fringe benefit : an employment benefit (as a pension, a paid holiday, or health insurance) granted by an employer that has a monetary value but that does not affect basic wage rates ...
Remuneration
Remuneration, 'remuneration' is only a mere formal version of payment, Bala Subrahmanya Rajaram v. B.C. Patil, AIR 1958 SC 518: (1958) SCR 1504.Payment; compensation, Black's Law Dictionary, 7th Edn., p. 1298.The word 'remuneration' must be given its meaning with reference to the context in which the word occurs in the statute. In the Banking Act the word 'remuneration' has been used in the widest sense. In that sense, it undoubtedly includes bonus, Central Bank of India v. Their Workmen, AIR 1960 SC 12: (1960) 1 SCR 200. [Banking Regulation Act, 1949, s. 10(1)(b)(ii)]The expression 'remuneration' in Article 314 is not used in any limited sense as merely salary. If a person was in receipt of a payment, or in receipt of a percentage, or any kind of payment which would not be actual money payment, the amount he would receive annually in respect of this would be remuneration, Accountant General v. N. Bakshi, AIR 1962 SC 505: (1962) 1 Supp SCR 505.Means the basic wage or salary, and any ad...
Fair wages
Fair wages, mean between the living wage and the minimum wage and even the minimum wage contemplated above is something more than the bare minimum or subsistence wage which would be sufficient to cover the bare physical needs of the worker and his family, a wage which would provide also for the provide also for the preserva-tion of the efficiency of the worker and for some measure of education, medical requirements and amenities, Express Newspaper (P) Ltd. v. Union of India, AIR 1958 SC 578 (602)....
Minimum wage
Minimum wage. The Trade Boards Act, 1909, established for the first time a minimum wage in certain trades. The (English) Coal Mines (Minimum Wage) Act, 1912, made provision for the settlement of minimum rates of wages for workmen employed underground in coal mines. The principle has been extended to many industries during the war and after, and to agriculture by the Corn Production Act,1917 (repealed). See TRADE BOARDS.In relation to any area, means to minimum wage fixed by the State Government under s. 3 of the Minimum Wages Act, 1948 (11 of 1948) for agricultural labourer as applicable in that area [National Rural Employment Guarantee Act, 2005 (42 of 2005), s. 2(h)]...
Nominal wages
Nominal wages, in relation to any labour, means a wages which is less than,--(a) the minimum wages fixed by the Government, in relation to the same or similar labour, under any law for the time being in force; and(b) where no such minimum wage has been fixed in relation to any form of labour, the wages that are normally paid, for the same or similar labour, to the labourers working in the same locality. [Bonded Labour System (Abolition) Act, 1976 (19 of 1976) s. 2 (i)]...
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