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Question
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 |
Sum
Solution
COE = Wages & salaries in cash + Employer's contribution to provident fund
= 49,500 + 8,900
= 58,400 crores
shaalaa.com
Aggregates Related to National Income - Domestic Income (NDP)
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