CMA Intermediate · Business Laws and Ethics · The Code on Wages, 2019
Which of the following payments forms part of 'wages' as defined in the Code on Wages, 2019?
Dearness allowance forms part of wages under the Code on Wages, 2019, which includes salary, dearness allowance and retaining allowance. House rent allowance, conveyance allowance and gratuity are listed exclusions and so are not counted as wages.
- AHouse rent allowance
- BConveyance allowance
- CDearness allowanceCorrect
- DGratuity payable on termination
Explanation
Wages include salary, dearness allowance and retaining allowance. House rent allowance, conveyance allowance and gratuity are specifically excluded components. Dearness allowance is therefore the only item that forms part of wages.
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