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- Dictionarynounformal(emoluments)emolument (noun) · emoluments (plural noun)Originlate Middle English: from Latin emolumentum, originally probably ‘payment to a miller for grinding corn’, from emolere ‘grind up’, from e- (variant of ex-) ‘out, thoroughly’ + molere ‘grind’.
Emoluments refer to the comprehensive package of monetary and non-monetary benefits an employee receives from their employer, including:
- Basic Salary
- Allowances (such as HRA, LTA, medical allowance, etc.)
- Bonuses and Incentives
- Perquisites (Perks) like company-provided housing, vehicles, insurance, etc.
- Retirement Benefits (contributions to provident fund, gratuity, pension, etc.)
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emolument: [noun] the returns arising from office or employment usually in the form …
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