Code on Wages definitions clarify wages, employee, contractor, contract labour and computation of wages for entitlement. Section 2 defines wages as monetary remuneration for employment, including basic pay, dearness allowance and retaining allowance, while specifying exclusions (bonuses, employer pension/provident contributions, conveyance, house rent allowance, gratuity, retrenchment compensation, overtime, commissions, and remuneration under awards or settlements). It provides provisos requiring addition of excluded payments exceeding a notified percentage to wages and treating certain emoluments as part of wage computation for equal pay and payment purposes; in kind remuneration up to 15% of total wages is deemed wages.