Hi Mr.Sandeep,
It's a nice question you raised,
Differences are
Payment of wages act-1936
The main objective of the act is
i. To regulate the payment of wages Ex-Fixing the responsibility on factory manager.
ii. To prevent the unauthorized deduction from wages Ex-Fines,Penalty.
iii. To avoid unnecessary delay in the payment of wages Ex-Fixation of wage period.
Where as the objective of Minimum wages act-1948 is
i.To prevent the exploitation of Workers by the Employers (By fixing the statutory obligation on the employer to pay minimum wages)
ii. To fix/revise the minimum rates of wages for scheduled employments.
In other words, minimum wages act ensure paying minimum wages to the workers so that employer cannot exploit them by paying low wages where as payment of wages will ensure employer pay wages on correct time without any unauthorized deduction in the wages.
Hope you get answer.
With Regards
Mr.Thumbs Up