Which of the following is not included under the definition of 'wages' given under the Code on Wages,…
Section 2(y) of the Code on Wages, 2019 (formerly section 2(vi) of the Payment of Wages Act, 1936) defines 'wages' as all remuneration payable in respect of employment and…
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Which of the following is not included under the definition of 'wages' given under the Code on Wages, 2019?
Answer and explanation
Correct answer D
Section 2(y) of the Code on Wages, 2019 (formerly section 2(vi) of the Payment of Wages Act, 1936) defines 'wages' as all remuneration payable in respect of employment and expressly includes basic pay, dearness allowance and retaining allowance. Its exclusion clause expressly leaves out any "Gratuity" payable on the termination of employment, along with items such as the employer's contribution to any pension or provident fund, conveyance allowance and the value of house accommodation.
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