Industrial Relations And Labour Laws
Agm - Hro, Compensation & Benefit Mgt,
Greetings for the day,
Agreed with this nice updation, as earlier the component consider for deduction of EPF is Basic+da+food conc.(if any) ,it seems that after withdrawing canteen subsidy the pay payment against the same was treatd as food conc. so the liablity of EPF exist.
Thanks & Regards,
Sumit Kumar Saxena
17th September 2013 From India, Ghaziabad
20th September 2013 From India, Hyderabad
The Court verdict has relevance because even in the past there is a practice that whatever is arrived at on a wage settlement which normally binds on all employees will be treated as part of salary. The issues pertaining to special allowance (other than DA) which is paid to all employees either as part of settlement or practice followed by the company is also part of salary for the purpose of PF
25th September 2013 From India, Kannur
Certainly the SODEXO MEAL COUPON is part of contribution as per the Sec.2(b)(i) says that "the cash value of any food concession" , Since most of the people are using this coupons are using at various food stalls including Spencer, More outlets and Reliance departmental stores etc., The PF authorities may incest to cover it. - Please give your valuable suggestion.
25th September 2013 From India, Kakinada
26th September 2013 From India, Kannur