good morning dear all thanks for last quire, please answer me about the authorized definition for statutory benefits regards, manju
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
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