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Wages |
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Wages means all
remuneration paid or payable in cash to an employee , if the
terms of the contract of employment, express or implied,
were fulfilled and includes any payment to an employee in
respect of any period of authorized leave, lock out, strike
which is not illegal or layoff and other additional
remuneration, if any, paid at intervals not exceeding two
months, but does not include:- |
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Any
contribution paid by the employer to any pension fund or
provident fund, or under this Act; |
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Any traveling
allowance or the value of any traveling concession. |
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Any sum paid to
the person employed to defray special, expenses entailed on
him by the nature of his employment; or |
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Any gratuity
payable on discharge. |
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The above
definition has three parts. |
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All
remuneration paid or payable in cash to an employee, if the
terms of the contract of employment, express or implied, was
fulfilled. |
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And includes
any payment to an employee in respect of any period of
authorized leave, lockout, strike which is not illegal or
lay off. |
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And other
additional remuneration, if any, paid at intervals not
exceeding two months. |
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But Does Not
Include |
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Any
contribution paid by the employer to any pension fund or
provident fund, or under ESI Act. |
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Any traveling
allowance or the value of any traveling concession.
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Any sum paid to
the person employed to defray special expenses entitled to
him by the nature of his employment or |
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Any gratuity
payable on discharge. |
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