What is Meaning of Remuneration. The word remuneration finds its origin in the Latin term, ‘remuneration,’ meaning ‘reward’ or ‘repayment.’ If one look for general meaning of remuneration it means the money paid for work or a service. Under the EQUAL REMUNERATION ACT, 1976 [1] of section 2(g) “remuneration” means the basic wage or salary, and any additional emoluments whatsoever payable, either in cash or in kind, to a person employed in respect of employment or work done in such employment, if the terms of the contract of employment, express or implied, were fulfilled. When one looks at the definition, it is evident that the term remuneration has a broader sense than phrases like pay or earnings. It represents all of the methods in which an employee is compensated for labor and his or her role in the task done by him or her. So, an employee's remuneration comprises not only his base income, but also any bonuses, commission payments, overtime pay, or other financial perks th...