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How are "wages" defined in the ESI Act?
  • a)
    All remuneration paid or payable in cash to an employee, excluding travelling allowance or the value of any travelling concession.
  • b)
    All remuneration paid or payable in cash to an employee, including any payment in respect of authorised leave, lock-out, or strike.
  • c)
    All remuneration paid or payable in cash to an employee, excluding any contribution to pension or provident fund.
  • d)
    All remuneration paid or payable in cash to an employee, including any additional remuneration paid at intervals not exceeding two months.
Correct answer is option 'B'. Can you explain this answer?
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How are "wages" defined in the ESI Act?a)All remuneration pa...
"Wages" are defined in the ESI Act as all remuneration paid or payable in cash to an employee, if the terms of the contract of employment, express or implied, were fulfilled. This includes any payment to an employee in respect of any period of authorised leave, lock-out, strike which is not illegal, or layoff, as well as any other additional remuneration paid at intervals not exceeding two months. Therefore, Option B is the correct definition.
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How are "wages" defined in the ESI Act?a)All remuneration pa...
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How are "wages" defined in the ESI Act?a)All remuneration paid or payable in cash to an employee, excluding travelling allowance or the value of any travelling concession.b)All remuneration paid or payable in cash to an employee, including any payment in respect of authorised leave, lock-out, or strike.c)All remuneration paid or payable in cash to an employee, excluding any contribution to pension or provident fund.d)All remuneration paid or payable in cash to an employee, including any additional remuneration paid at intervals not exceeding two months.Correct answer is option 'B'. Can you explain this answer?
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How are "wages" defined in the ESI Act?a)All remuneration paid or payable in cash to an employee, excluding travelling allowance or the value of any travelling concession.b)All remuneration paid or payable in cash to an employee, including any payment in respect of authorised leave, lock-out, or strike.c)All remuneration paid or payable in cash to an employee, excluding any contribution to pension or provident fund.d)All remuneration paid or payable in cash to an employee, including any additional remuneration paid at intervals not exceeding two months.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How are "wages" defined in the ESI Act?a)All remuneration paid or payable in cash to an employee, excluding travelling allowance or the value of any travelling concession.b)All remuneration paid or payable in cash to an employee, including any payment in respect of authorised leave, lock-out, or strike.c)All remuneration paid or payable in cash to an employee, excluding any contribution to pension or provident fund.d)All remuneration paid or payable in cash to an employee, including any additional remuneration paid at intervals not exceeding two months.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How are "wages" defined in the ESI Act?a)All remuneration paid or payable in cash to an employee, excluding travelling allowance or the value of any travelling concession.b)All remuneration paid or payable in cash to an employee, including any payment in respect of authorised leave, lock-out, or strike.c)All remuneration paid or payable in cash to an employee, excluding any contribution to pension or provident fund.d)All remuneration paid or payable in cash to an employee, including any additional remuneration paid at intervals not exceeding two months.Correct answer is option 'B'. Can you explain this answer?.
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