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Question : 18
Total: 21
From the following data, calculate the value of compensation of employees (COE):
| S.No | Items | Amount in (₹ crore) |
|---|---|---|
| (i) | Old age pension | 2,000 |
| (ii) | Wages and salaries in cash | 60,000 |
| (iii) | Rent free accommodation to employees | 30,000 |
| (iv) | Employer's contribution to provident fund | 7,500 |
| (v) | Payment of life insurance premium by the employees | 2,500 |
| (vi) | Contribution to provident fund by employees | 35,000 |
Solution:
Compensation of Employees =
= 60 , 000 + 30 , 000 + 7 , 500 crore
= ₹ 97 , 500 crores
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