As per section 3 of Minimum wages Act quot Minimum rate whether a time rate or a piece rate to apply...........

Industrial Relation and labour law Labour Laws -I

As per section 3 of Minimum wages Act , "Minimum rate (whether a time rate or a piece rate) to apply in substitution for the minimum rate which would otherwise be us applicable in respect of overtime work done by employees" is known as

A minimum time rate

A minimum piece rate

A minimum guaranteed time rate

Overtime rate

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Explanation:

Overtime Rate is when an employee works overtime, they may be entitled to an overtime rate, which is higher than the ordinary rate. Such payments are intended to compensate employees for the inconvenience of having to work additional hours and provide rewards for them doing so.