If payment of wages act applies till salary of 24k, what law deals with salaries above this limit.

Answer By law4u team

You're absolutely right! The Payment of Wages Act, 1936 applies to employees earning up to ₹24,000 per month. For salaries exceeding this limit, there isn't a single, specific law that governs all aspects like timely payment or deductions. However, there are various other regulations that come into play: Contractual Agreement: The primary source for regulations regarding salary above ₹24,000 is the employment contract between the employer and employee. This contract should clearly outline details like salary amount, payment schedule, deductions allowed, and other terms of employment. Industrial Disputes Act, 1947: This act applies to a broader range of employees, including those with salaries exceeding ₹24,000. It focuses on resolving industrial disputes related to termination, layoffs, and other service conditions. Bonus Payment Act, 1965: This act applies to certain establishments and mandates the payment of bonus to eligible employees, irrespective of their salary. Minimum Wages Act, 1948: This act sets minimum wage limits for various industries and regions. While not directly applicable to high-earning employees, it establishes a baseline for fair wages. General Labour Laws: Several other general labour laws like the Factories Act, 1948, and the Shops and Establishments Acts of various states also apply, ensuring safe working conditions and some basic rights for all employees, regardless of salary level. In summary: There's no single law governing salaries above ₹24,000 in India. The employment contract holds primary importance. Various other labour laws offer protection and define specific rights for employees. If you have any specific concerns regarding your salary or employment rights, it's advisable to consult a lawyer specializing in labour law. They can provide more specific guidance based on your situation and the applicable laws.

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