Dear Seniors
As per sec 2(b) wages means all emolument
which are earned by an employee while on
Duty or on leave or on holiday with wages
In either case in accordance with the terms
of the contract of employment which are paid
or payable in cash to him but does not include :-
1) the cash value of food concession.
2) Any dearness allowance that is to say all
Cash payment why whatever named called
Paid to an employee on account of rise in
Living,
My query is :- this wages definitation state
that paid or payable in cash to him. Does
That means if we paid wages by cheque or
NEFT then No EPF contribitions will attract?
2) practically for EPF contribution we consider
Basic plus DA but in this interpratation u/s
2(b) DA is in this clause of does not include?
Please clarify my Doubt....
Regds
Mukesh Kumar
From India, Agra
As per sec 2(b) wages means all emolument
which are earned by an employee while on
Duty or on leave or on holiday with wages
In either case in accordance with the terms
of the contract of employment which are paid
or payable in cash to him but does not include :-
1) the cash value of food concession.
2) Any dearness allowance that is to say all
Cash payment why whatever named called
Paid to an employee on account of rise in
Living,
My query is :- this wages definitation state
that paid or payable in cash to him. Does
That means if we paid wages by cheque or
NEFT then No EPF contribitions will attract?
2) practically for EPF contribution we consider
Basic plus DA but in this interpratation u/s
2(b) DA is in this clause of does not include?
Please clarify my Doubt....
Regds
Mukesh Kumar
From India, Agra
payment by any means is subject to statuary compliance, it may be cash, cheque, RTGS NEFT or even credit for some time,
cash word is used for ease of calculation only,
the value of food, gifts , or dress which is brought by employer for exclusive use of staff, is not part of salary, but expense on the employee, and these amounts can not be clubbed in statuary compliance of contributions.
632cash word is used for ease of calculation only,
the value of food, gifts , or dress which is brought by employer for exclusive use of staff, is not part of salary, but expense on the employee, and these amounts can not be clubbed in statuary compliance of contributions.
Dear sir, Basic definition is correct as explained by Mr. Sharma. DA is separately added in PF wages. Thanks, Vidyadhar Bhat
From India, Pune
From India, Pune
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PF- on minimum wages-EPF appellate tribunal-Award against Deptt..pdf