Which of the following is not included in compensation of employees?

Ans – (c)

Explanation:-

Employee’s contribution to social security schemes is contributed from wages and salaries. It is not contributed separately from employees.

Thus if it is added separately, it will lead to double counting.

Wages and salaries in cash and wages and salaries in kind is the part of wages and salaries.

Employer’s contribution to social security schemes is part of the compensation of employees.

the formula of Compensation of Employees is:

Compensation of Employees + Wages and Salaries + Employer’s Contribution to Social Security Schemes

Wages and Salaries = Wages and Salaries in Cash + Wages and Salaries in kind