https://www.taxtmi.com/acts?id=37223 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. en-us Thu, 25 Jul 2019 17:01:33 +0530 Wed, 07 Jan 2026 18:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37223 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. Act-Rules Labour laws Thu, 25 Jul 2019 17:01:33 +0530 https://www.taxtmi.com/acts?id=37223