This presentation implied the Critical Analysis of Code on Wages 2019

1. Unveiling Compensation Complexity: A
Critical Analysis on Code on Wages, 2019
Presenter: Chanakya Kene

10. “Exclusion from wages Details
Statutory Bonus Excluded from the definition of wages
Value of House accommodation / supply of water, light, medical attendance or other amenity Excluded
Employer’s contribution to Provident Fund, Pension and interest accrued thereon Excluded
Conveyance allowance Excluded
Sum paid to defray special expenses Excluded
House Rent allowances Excluded
Remuneration payable under award or settlement Excluded
Overtime allowance Excluded
Exclusions other than highlighted components Capped at 50% of total remuneration
Remuneration in kind Limited to 15% of total remuneration”

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18. CONCLUSION