LABOUR LAW CONSULTANT MUMBAI, NAVI MUMBAI & THANE Exploring The code on wages, 2019 1. Minimum wages will be paid to all employees 2. Chapter III - Payment of wages will apply to all employees in both organized as well as unorganized sectors, irrespective of any wage limit. 3. Chapter IV - Payment of Bonus will apply to employees whose wages do not exceed a monthly a m o u n t n o t i f i e d by Central or State governments. 4. Minimum wages to be revised in five year intervals 5. Central Government w i l l f i x n a t i o n a l minimum wage /floor . The State Government shall n o t fix minimum wage below the floor wage 6. Overtime payment should be at 2 times the normal wages. 7. The period of limitation for filing claims relating to wages and bonus has been enhanced to 3 years Corpmaxx Consultees Labour Law Consultant Parel, Dadar, Ghatkopar, Vikhroli, Kanjur Marg, Powai, Bhandup, Nahur, Mulund, Thane, Taloja, Wagle Estate, Bhiwandi, Dombivli, Kalyan, Ambernath, Badlapur, Atgaon, Lower Parel, Prabhadevi, Bandra, SantaCruz, Vile Parle, Andheri, Marol-Andheri, Sakinaka, Kandivali, Borivali, Vasai Road, Virar. Chembur, Vashi, Nerul, Belapur CBD, Kharghar, Panvel, Airoli, Rabale, Mahape, Turbhe, Virar, Palghar, Boisar, . 21/02/2023