ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Payment in legal tender, made directly to the worker : Wages payable in money should be paid only in legal tender and paid directly to the worker.

Detailed explanation-2: -A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.

Detailed explanation-3: -(1) Every employer is responsible for the payment of all wages to all the employees that he employs. In any other case, if the employer names a person, or if there is a person responsible to the employer or is nominated, then such a person is responsible for the payment of wages.

Detailed explanation-4: -Provided that the appropriate Government may, by notification in the Official Gazette, specify the industrial or other establishment, the employer of which shall pay to every person employed in such industrial or other establishment, the wages only by cheque or by crediting the wages in his bank account."

Detailed explanation-5: -employed person; (ib) “employer” includes the legal representative of a deceased employer; 1 Subs. by Act 38 of 1982, sec. 3, for “any industrial establishment or in any class or group of industrial establishments” (w.e.f. 15-10-1982).