Hi All,
Need your comments and inputs on the recent Supreme Court decision regarding what constitutes wages for the purpose of Provident Fund (PF) contributions.
URL: [https://economictimes.indiatimes.com/wealth/personal-finance-news/sc-ruling-will-slash-your-take-home-pay-if-your-basic-salary-is-less-than-rs-15000-pm-heres-why/articleshow/68386661.cms?from=mdr](https://economictimes.indiatimes.com/wealth/personal-finance-news/sc-ruling-will-slash-your-take-home-pay-if-your-basic-salary-is-less-than-rs-15000-pm-heres-why/articleshow/68386661.cms?from=mdr)
Are organizations complying with this ruling? Can the minimum wages still be bifurcated as 70% basic and 30% HRA?
Need your guidance on the correct practice to revise the CTC structure and comply with statutory norms.
Best regards
From India, Pune
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2Need your comments and inputs on the recent Supreme Court decision regarding what constitutes wages for the purpose of Provident Fund (PF) contributions.
URL: [https://economictimes.indiatimes.com/wealth/personal-finance-news/sc-ruling-will-slash-your-take-home-pay-if-your-basic-salary-is-less-than-rs-15000-pm-heres-why/articleshow/68386661.cms?from=mdr](https://economictimes.indiatimes.com/wealth/personal-finance-news/sc-ruling-will-slash-your-take-home-pay-if-your-basic-salary-is-less-than-rs-15000-pm-heres-why/articleshow/68386661.cms?from=mdr)
Are organizations complying with this ruling? Can the minimum wages still be bifurcated as 70% basic and 30% HRA?
Need your guidance on the correct practice to revise the CTC structure and comply with statutory norms.
Best regards
From India, Pune
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Hi Kaushambi,
We cannot do so because the SC ruling states that all fixed allowances provided to all in common should be considered as PF wages. For more clarification, you can contact me. For labor compliance and restructuring of CTC, our expert team can help you.
Regards,
KM
Sr. Consultant (Labor & HR Compliance)
7708907021
From India, Bengaluru
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We cannot do so because the SC ruling states that all fixed allowances provided to all in common should be considered as PF wages. For more clarification, you can contact me. For labor compliance and restructuring of CTC, our expert team can help you.
Regards,
KM
Sr. Consultant (Labor & HR Compliance)
7708907021
From India, Bengaluru
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PF Judgement - SC - Trainee - 2006.doc