Which of the following is included in compensation of employees?
Which of the following is included in compensation of employees?
(a) Dearness Allowance
(b) Tools given to employees to be used during work
(c) Payment by insurance company to an injured employee
(d) Contribution by employee to providend fund
Anurag Pathak Changed status to publish December 13, 2023
Ans – (a)
Explanation:-
(a) Dearness Allowance is the part wages and salaries
(b) Tools given to employees to be used during work is the property of the firm.
(c) Payment by insurance company to an injured employee is a transfer payment.
(d) Contribution by employee to provident fund is from its wages and salaries, it is not a separate part of compensation of employees.
Anurag Pathak Changed status to publish December 13, 2023
