The wage definition under the new code is inclusive and anti-avoidance. Many allowances earlier excluded now count as wages, widening ESIC ...

Discover what average industrial wage means, how it's calculated, and its significance in assessing worker income across industries, excluding farmworkers.

If allowances and benefits (excluding gratuity and retrenchment compensation) exceed 50 percent of an employee’s total remuneration, the excess amount will be added back to wages for statutory ...