NOTE: As per Section 2(88) of Code on Social Security, 2020 

“wages” means all remuneration whether by way of salaries, allowances or otherwise, expressed in terms of money or capable of being so expressed which would, if the terms of employment, express or implied, were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment, and includes, —

1. basic pay;
2. dearness allowance; and
3. retaining allowance, if any,
   but does not include—
   1. any bonus payable under any law for the time being in force, which does not form part of the remuneration payable under the terms of employment;
   2. the value of any house-accommodation, or of the supply of light, water, medical attendance or other amenity or of any service excluded from the computation of wages by a general or special order of the appropriate Government;
   3. any contribution paid by the employer to any pension or provident fund, and the interest which may have accrued thereon;
   4. any conveyance allowance or the value of any travelling concession;
   5. any sum paid to the employed person to defray special expenses entailed on him by the nature of his employment;
   6. house rent allowance;
   7. remuneration payable under any award or settlement between the parties or order of a court or Tribunal;
   8. any overtime allowance;
   9. any commission payable to the employee;
   10. any gratuity payable on the termination of employment;
   11. any retrenchment compensation or other retirement benefit payable to the employee or any ex gratia payment made to him on the termination of employment:

Disclaimer:

This Wage Structure Calculator has been developed solely for general guidance, educational understanding, and indicative reference purposes. The wage components, statutory calculations, and suggested salary bifurcation reflected herein are based on commonly accepted compliance principles and standard assumptions. However, the actual wage structure of any employee may vary depending upon the company’s internal HR policy, appointment terms, nature of employment, category of worker, applicable State-specific Minimum Wages, establishment-specific practices, and the final applicability, interpretation, and implementation of the relevant labour laws, rules, notifications, and the New Labour Codes as may be in force from time to time. Therefore, this calculator should not be construed as a final legal, statutory, or compliance determination, and users are advised to verify the output with the applicable law and professional legal/compliance advice before implementation.