Question

The definition of ‘Wages’ under the Code on Wages, 2019 includes

• A. Conveyance allowance
• B. Retaining allowance
• C. House rent allowance
• D. Overtime allowance

Hint:

Remember: retaining allowance is included in wages, while HRA and overtime are excluded.

Answer 1

The Correct Option is B

Step 1: Definition of wages.
The Code on Wages, 2019 provides an inclusive–exclusive definition of wages.
Step 2: Included component.
Retaining allowance is expressly included within the definition of wages.
Step 3: Excluded components.
House rent allowance, overtime allowance, and conveyance allowance are specifically excluded from wages.
Step 4: Conclusion.
Hence, the correct answer is (B) Retaining allowance.