M & S Consultancy Minimum Wage & Bonus Act

Minimum Wage & Bonus Act

           At M & S Labour Consultancy, we understand that maintaining compliance with the Minimum Wages Act, 1948 and the Payment of Bonus Act, 1965 is not just a legal obligation but also a key aspect of ensuring fair treatment of employees and building trust within the workforce. Non-compliance with these laws can lead to heavy penalties, legal disputes, and reputational damage. Our team of experts helps organizations manage these statutory requirements smoothly, so they can focus on business growth while staying fully compliant with labour regulations.

 

1. Minimum Wage Compliance

Every industry and state in India has prescribed minimum wage rates that must be paid to workers, depending on skill level, region, and type of employment. We assist businesses in:

  • Identifying applicable minimum wage notifications based on location and industry.

  • Ensuring timely revision of wages as per state government updates.

  • Preparing accurate wage registers and records in prescribed formats.

  • Advising on inclusion of allowances, overtime, and deductions in wage structures.

  • Conducting compliance audits to avoid underpayment or disputes.

 

2. Bonus Act Compliance

Under the Payment of Bonus Act, eligible employees are entitled to a statutory bonus based on their salary and company performance. We provide support in:

  • Calculating minimum (8.33%) and maximum (20%) bonus payable under the Act.

  • Identifying eligible employees and maintaining required records.

  • Preparing and filing Form C, D, and E for statutory submissions.

  • Assisting in bonus distribution and ensuring timely payments.

  • Guiding management in structuring additional incentive schemes within legal framework.

 

 

Why Choose M & S Labour Consultancy?

  • 10+ Years of Experience in labour law compliance.

  • 100+ Clients Served across industries.

  • End-to-End Support – from documentation to audit handling.

  • Timely Updates on wage and bonus revisions by state governments.

  • Transparent & Reliable Services ensuring peace of mind for employers.

 

Benefits of Partnering with Us

  • Avoid penalties and litigation due to non-compliance.

  • Ensure fair pay practices that boost employee morale.

  • Save time and resources with expert guidance.

  • Focus on business operations while we manage your statutory obligations.

 

 

👉 Stay compliant. Stay stress-free.

       Partner with M & S Labour Consultancy for complete Minimum Wage & Bonus Act compliance services and build a workplace that is both legally secure and employee-friendly.