Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Definition of Basic Wages for PF contributions

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... As we know that the Govt. of India, Ministry of Labor and Employment has issued notification enhancing statutory wages ceilings from existing ₹ 6,500/- to ₹ 15,000/-. My question is what does statutory wages constitutes? Is it only basis pay or includes all emoluments like basic pay, dearness allowance and other retaining allowance like conveyance, city compensatory allowance, person .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al allowance etc. etc. The house rent allowance has been excluded from the definition of wages. Different courts has given various decisions on the definition of wages for PF contribution. Can some-one advise me what is the status of wages definition as on date? It is a central legislation but vary from state to state. Ashwani Rustagi 9810013724 Gurgaon, Haryana. - Reply By MARIAPPAN GOVINDAR .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AJAN - The Reply = Whether you have got clarified in the above issue? If not please inform. - Reply By Ashwani Rustagi - The Reply = Not yet. But act is very clear it will include all emoluments like basic pay, dearness allowance and other retaining allowance like conveyance, city compensatory allowance, personal allowance etc. etc. The house rent allowance has been excluded from the definiti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on of wages. If you have any further input on this, please advise. Regards, - Definition of Basic Wages for PF contributions - Query Started By: - Ashwani Rustagi Dated:- 30-10-2014 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates