Employment Contracts-
- Industrial Employment (Standing Orders) Act 1946 – it requires things like work hours, dismissal process etc approved by govt. authority.
- Contract Labour (Regulation and Abolition) Act 1970 – It regulates employment terms of contract labour and ensures that they get the minimum dues.
Wage Regulation –
- Payment of Wages Act 1936 – it states wages to be paid in money and not in kind among other provisions.
- Minimum Wages Act of 1948 – it has ensured minimum wages across various jobs across the state and central govt ranging from 130 INR to 1130 INR per day.
- Payment of Gratuity Act 1972 – it mandates that at the time of retirement the company pays 15 days salary per year capped at 20 lakhs INR. Applies to an organisation with 10 or more workers.
- Payment of Bonus Act 1965 – Minimum bonus is 8.33 % of salary. Applies to organisations with more than 20 employees.
- Weekly Holidays Act 1942
- Beedi and Cigar Workers Act 1967
- Equal Remuneration Act of 1976 – It prescribes equal pay for Males and Females.
Health & Safety –
- Workmen’s Compensation Act of 1923 – it mandates payments to bear medical expenses in case of injuries at the workplace.
- Factories Act 1948 – safety laws to be observed in factories.
- The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
- Child Labour (Prohibition and Abolition) Act 1986 – mandates the legal age for children at work – it is above 14 years of age in India.
Pensions and insurance-
- Employees’ Provident Fund and Miscellaneous Provisions Act 1952 – it takes approx 12 % of basic salary from the employer and the employee and puts in the EPF fund where an interest rate of 8.65 % approx is provided by the Govt.body.
- Employees’ State Insurance Act 1948. – It provides medical facility to employees of any org with a salary less than 21000 inr having more than 10 employees at a monthly premium of 1.75% of gross salary from the employee and 4.75% from the employer.
- Maternity Benefit Act 1961- It deals with granting maternity leave to female employees for a certain period of time.