Tuesday 21 May 2013

WAGES

WAGES:
According to section 2(h) of The Minimum Wages Act, 1948, Wages means all remunerations capable of being expressed in terms of money and includes house rent allowance but does not include:

1. The value of any House rent accommodation, supply of light, water, medical, any other amenity or any service excluded by general or social order of the appropriate Government;


2. Contribution by the employer to any Pension Fund or under any scheme of social Insurance;

3. Travelling Allowance;

4. any amount paid to defray special expenses entailed on him by the nature of his employment;

5. any gratuity payable on discharge.

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