This document summarizes the Minimum Wages Act of 1948 in India. The key points are: - The Act was passed to ensure fair wages for unorganized workers. It defines wages and exclusions from wages. - It applies to all employment sectors described in the Act and gives the government power to set minimum wages every 2 years to prevent exploitation. - Minimum wages can be set based on employment type, skill level, location, and more. They must be paid in cash but deductions are allowed. - It also outlines regulations regarding working hours, overtime pay, compensation, penalties for non-compliance, and rule-making powers.

1. 1948 Minimum Wage cartoon 2 - search ID efin267

20. Offence Punishment Contravention of Minimum Wages Act by employer Fine which may extend up to Rs 500/- Payment of less than Minimum Wages to employee Imprisonment which may extend up to 6 Months or Fine which may extend up to Rs 500/- or Both