The Minimum Wages Act 1948 is an Act of Parliament that sets the minimum wages that must be paid to skilled and unskilled laborers in India. The Act provides for fixing wage rates for any industry and requires employers to maintain records of employee work and wages. Minimum wages are revised every five years based on a cost of living index and are fixed for states, parts of states, or classes of employment. If employees believe they are being underpaid, they can file a complaint with the appointed authority. Violations of the Act can result in penalties like imprisonment and fines.