It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.

Related MCQs

•                    means fixed quantum of money given regularly in addition to salary to meet particular
•   is a retirement benefit given by the employer to the employee in consideration of past
• An allowance to meet the expenses in connection with the rent of the house, by whatever name called
• A is a non-cash benefit granted by an employer to the employee
• Benefits Given in kind are