IR Executive Question:
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Explain me Wage Under Minimum Wages Act?
Answer:
Wages means all remuneration capable of being expressed in terms of money. It includes house rent allowance but does not include
☛ 1.Value of house accommodation, supply of light, water, medical attendance
☛ 2.Value of other amenity provided, if excluded by Govt. order
☛ 3.Contribution to pension fund or Provident fund or Insurance
☛ 4.Traveling allowance
☛ 5.Special allowances incurred by the nature of employment
☛ 6.Gratuity payable on discharge.
☛ 1.Value of house accommodation, supply of light, water, medical attendance
☛ 2.Value of other amenity provided, if excluded by Govt. order
☛ 3.Contribution to pension fund or Provident fund or Insurance
☛ 4.Traveling allowance
☛ 5.Special allowances incurred by the nature of employment
☛ 6.Gratuity payable on discharge.
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