Question

Under the Code, if allowances exceed 50% of the total remuneration of an employee, the excess amount is:

1.
Deducted from wages
2.
Taxed separately
3.
Ignored
4.
Added to wages
Answer (Detailed Solution Below)

Option 4 : Added to wages

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Detailed Solution

सही उत्तर Added to wages है।

Key Points

Where allowances exceed 50% of the total remuneration, the excess is added to wages for the purpose of contributions.

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More Domain-Specific Questions

PrepSnapprepsnap.in • Domain-Specific

Question:

Under the Code, if allowances exceed 50% of the total remuneration of an employee, the excess amount is:

1.
Deducted from wages
2.
Taxed separately
3.
Ignored
4.
Added to wages

Correct Answer: Added to wages

Where allowances exceed 50% of the total remuneration, the excess is added to wages for the purpose of contributions.

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