Wage code - Will performance bonus be part of wages?

Hi,

In new wage code, will performance bonus paid to employees (quarterly, half yearly or yearly) be part of wages ?

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NO. They are not part of wages as per the definition of wages in Wage Code. The wages includes only Basic, Dearness Allowance & Retaining Allowances. Rest all allowances whatever the name it is, will be excluded from the composition of wage.
Thanks

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Hi,

No, wages is something which is fixed and Performance Bonus is something which is variable and depends on your performance. So, please done include such components under wage.

Regards
Arpana

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