The gross profits derived by an employer from an establishment in respect of the accounting year shall,--
(a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government;
(b) in any other case, be calculated in the manner as may be prescribed by the Central Government.
(a) in the case of a banking company, be calculated in the manner as may be prescribed by the Central Government;
(b) in any other case, be calculated in the manner as may be prescribed by the Central Government.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Prohibition of discrimination on ground of gender.Section 4 · Decision as to disputes with regard to same or similar nature of work.Section 5 · Payment of minimum rate of wages.Section 6 · Fixation of minimum wages.Section 7 · Components of minimum wages.Section 8 · Procedure for fixing and revising minimum wages.India Code, Government of India. Text fetched 20 Oct 2026. Source metadata reports last modification: 2025-11-25. Check the linked official text and subsequent notifications when applying a provision.