From the following data, Calculate the value of compensation of employees (COE) Old age pension ₹ 2,000
From the following data, Calculate the value of compensation of employees (COE):
| Particulars | ₹ in Crores |
| (i) Old age pension | 2,000 |
| (ii) Wages and Salaries in cash | 60,000 |
| (iii) Rent free accomodation to employees | 30,000 |
| (iv) Employer’s Contribution to provident fund | 7,500 |
| (v) Payment of life insurance premium by the employees | 2,500 |
| (vi) Contribution to provident fund by employees | 35,000 |
Ans – Compensation of Employees = ₹ 97,500 Crores
Anurag Pathak Changed status to publish December 21, 2023
Solution:-
Compensation of Employees = Wages and Salaries in Cash + Rent free accomodation to employees + Employer’s Contribution to provident fund
Compensation of Employees = ₹ 60,000 + ₹ 30,000 + ₹ 7,500
Compensation of Employees = ₹ 97,500 Crores
Anurag Pathak Changed status to publish November 10, 2023
