As per minimum wages act, wages mean only basis pay + DA or all types of allowances ?
thanks
diwakar
2 Replies
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 01 October 2009
WAGES means
· Expressed or Implied Monetary Payment in terms of Contract of Employment and includes House Rent Allowance.
WAGES DO NOT INCLUDE
· House Accomodation, Supply of necessities like Light, Water and Provision of Medical Attendence and Other Amenity or Service specifically excluded by the Appropriate Government.
· Contribution made to Pension Fund or Provident Fund or under any scheme of Social Insurance
· Travelling Allowance or the value of any Travelling Concession
· Special Allowances provided based on the nature of Employment
· Gratuity Payable
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