The Code on Wages, enacted on August 8, 2019, consolidates various Indian labor laws regarding wages and bonuses. It defines key terms such as employee, employer, wages, and establishes regulations for minimum wages, payment, and discrimination in employment. Employers must adhere to fixed minimum wages and ensure timely payments to employees. The Act also prohibits gender-based wage discrimination and outlines penalties for non-compliance. It includes provisions for the establishment of advisory boards to assist in wage fixation and emphasizes the government’s role in enforcing compliance. Overall, it aims to enhance labor rights and ensure fair compensation across industries.