alleryStart learning →Allowances paid universally and ordinarily to all employees are treated as?
ABasic wages
BReimbursements
CSpecial bonuses
DPerquisites
Answer & Solution
Correct answer: A. Basic wages
The Supreme Court said any allowance paid to every employee across the board counts as basic wages for provident fund dues.
Keep practising Employee Benefits
Browse all Employee Benefits questions for CA Inter, or explore more Accounting topics.
Related questions
Employee benefits mainly aim to increase what for staff?Which US plans let employees choose from a menu of benefits?Employees tend to see mandated benefits as creating what?Which body coined the term fringe benefits during World War II?What is exchanging cash wages for another benefit called?In which year was India's fringe benefits tax abolished?The IASB defines employee benefits as consideration for what?Who prepared the 1943 report that shaped India's health insurance scheme?