good morning dear all thanks for last quire, please answer me about the authorized definition for statutory benefits regards, manju
From India, Coimbatore
From India, Coimbatore
Statutory means something that is “established , authorized, or fixed by a law or statute”, hence the benefit schemes that employers offer, are done in the interest of well-being of their employees, and will include statutory as well as discretionary benefits. They can be some benefits borne by the employers also known as "employer paid benefits". For eg: EPF, Gratuity, Medical schemes, Dearness Allowance, etc
From India, Secunderabad
From India, Secunderabad
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