Normal remuneration means fixed monthly remuneration paid to the employee whether the amount paid is fixed or variable as specified in the contract of service in writing or otherwise;
- If the employee has no salary and only receives a commission, the commission paid is considered remuneration.
- If the monthly salary is paid on a daily or hourly basis, the total monthly salary paid is considered remuneration.
- If the monthly salary changes due to the change in currency values, the total monthly salary paid is also considered as remuneration.
Additional remuneration means any additional payment to the normal remuneration for the current month paid to an employee whether in one lump sum, periodical, in arrears or non-fixed payment.
Such additional remuneration includes:
- Bonus/incentive
- Arrears of salary or any other arrears paid to an employee
- Employee’s share option scheme (if the employee opts for MTD deduction)
- Tax borne by the employer
- gratuity
- Compensation for loss of employment
- Ex-gratia
- Director’s fee (not paid monthly)
- Commissions (not paid monthly)
- Allowances (not paid monthly)
- Any other payment in addition to normal remuneration for the current month
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