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Question : 6
Total: 7
From the following data, calculate the value of compensation of employees (COE):
| S.No | Items | Amount in (₹ crore) |
|---|---|---|
| (i) | Old age pension | 1,250 |
| (ii) | Wages and salaries in cash | 49,500 |
| (iii) | Rent free accommodation to employees | 13,500 |
| (iv) | Employer's contribution to provident fund | 8,900 |
| (v) | Payment of life insurance premium by the employees | 3,000 |
| (vi) | Contribution to provident fund by employees | 35,600 |
Solution:
Compensation of Employees = Wages & salaries in cash + Employer's contribution to provident fund + Rent free accommodation to employees = 49 , 500 + 8 , 900 + 13 , 500 = ₹ 71 , 900
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