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what is Wages as per the Payment of Wages Act - cs executive labour law notes
what is Wages as per the Payment of Wages Act - cs executive labour law notes (A) “Wages” means all remuneration expressed in terms of money- (a) any remuneration payable under any award or settlement between the parties or order of a court; (b) any additional remuneration payable under the terms of employment (whether called a bonus or by any other name); (c) any sum which by reason of the termination of employment of the person employed is payable under any law, contract or instrument which provides for the payment of such sum, whether with or without deductions, but does not provide for the time within which the payment is to be made; (d) any sum to which the person employed is entitled under any scheme framed under any law for the time being in force, but does not include- ? any bonus (whether under a scheme of profit sharing or otherwise) which does not form part of the remuneration payable under the terms of employment or which is not payable under any award or settlement between the parties or order of a court; ? the value of any house-accommodation, or of the supply of light, water, medical attendance or other amenity or of any service excluded from the computation of wages by a general or special order of the State Government; ? any contribution paid by the employer to any pension or provident fund, and the interest which may have accrued thereon; ? any travelling allowance or the value of any travelling concession; ? any sum paid to the employed person to defray special expenses entailed on him by the nature of his employment; or ? any gratuity payable on the termination of employment in cases other than those specified in sub-clause (d). (B) Every person responsible for the payment of wages under section 3 shall fix periods (in this Act referred to as wage-periods) in respect of which such wages shall be payable and no wage-period shall exceed one month.
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