IR Executive Interview Question:

What is Wage Under Minimum Wages Act?

Submitted by: Muhammad

Wages means all remuneration capable of being expressed in terms of money. It includes house rent allowance but does not include:

☛ Value of house accommodation, supply of light, water, medical attendance
☛ Value of other amenity provided, if excluded by Govt. order
☛ Contribution to pension fund or Provident fund or Insurance
☛ Traveling allowance
☛ Special allowances incurred by the nature of employment
☛ Gratuity payable on discharge.
Submitted by: Muhammad