Remuneration definition includes company incurred benefits; disclose salary and perquisites as actual expenditure, as required by companies Remuneration includes all expenses incurred by a company in providing benefits or amenities to an employee and carries the statutory meaning. Companies must state salary and perquisites in the employees' particulars as the actual expenditure incurred by the company; adding non prescribed columns (for example net pay after tax) is not required and companies should follow the prescribed format and content under the employees particulars rules.
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Provisions expressly mentioned in the judgment/order text.
Remuneration definition includes company incurred benefits; disclose salary and perquisites as actual expenditure, as required by companies
Remuneration includes all expenses incurred by a company in providing benefits or amenities to an employee and carries the statutory meaning. Companies must state salary and perquisites in the employees' particulars as the actual expenditure incurred by the company; adding non prescribed columns (for example net pay after tax) is not required and companies should follow the prescribed format and content under the employees particulars rules.
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