Start learning →

Which allowance is excluded when computing EPF wages?

ABasic wage of all employees
BAllowance paid across the board
CAllowance variable in nature
DWage for ordinary working days
Answer & Solution
Correct answer: C. Allowance variable in nature
Allowances that vary with circumstances are not part of EPF wages, whereas amounts paid uniformly to all are included.
Practise this question with Quill — CA Inter →

Keep practising Employee Benefits

Browse all Employee Benefits questions for CA Inter, or explore more Accounting topics.

Start a Employee Benefits lesson →
Related questions