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Minimum Wages Act

Diwakar Mishra (Accountant) (136 Points)

01 October 2009

As per minimum wages act, wages mean only basis pay + DA or all types of allowances ?

thanks

diwakar

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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

The Harshit Aggarwal (B.Com(H) ,CS Final) (5278 Points)
Replied 01 October 2009

thanks Manmohan

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