An employee’s remuneration comprises basic pay, dearness allowance, retaining allowance and conveyance allowance. Which component falls within the exclusions in section 2(88) of the Code on Social…
Question and options
An employee’s remuneration comprises basic pay, dearness allowance, retaining allowance and conveyance allowance. Which component falls within the exclusions in section 2(88) of the Code on Social Security, 2020, before applying the provisos to that definition?
Retaining allowance
Dearness allowance
Basic pay
Conveyance allowance
Answer and explanation
Section 2(88) of the Code on Social Security, 2020 includes basic pay, dearness allowance and retaining allowance in wages, and its exclusion (d) removes any conveyance allowance or travelling concession. The provisos can still add excluded payments back where they exceed half of the total remuneration.
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