Principal Hr Consultant
Senior Officer - Hr
Asso.prof.(commerce & Management) Pg
Srinath Sai Ram
Hr / Ir
Even though your Appointment letter & other Statutory Deductions eg.P.F.,,Sevice Tax calculation must be on Old Basic Only .
On safer condition politely pl take give in writing /Communicate to HR Dept.for mistake,to avoid future problem .
20th April 2017 From India, Mumbai
It will also effect Gratuity, bonus, Leave encashment, EDLI insurance, etc.,
Section 12 in The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
12. Employer not to reduce wages, etc.—No employer in relation to an establishment to which any Scheme or the Insurance Scheme applies shall, by reason only of his liability for the payment of any contribution to the Fund or the Insurance Fund or any charges under this Act or the Scheme or the Insurance Scheme, reduce, whether directly or indirectly, the wages of any employee to whom the Scheme or the Insurance Scheme applies or the total quantum of benefits in the nature of old age pension, gratuity, provident fund or life insurance to which the employee is entitled under the terms of his employment, express or implied.
21st April 2017 From India, Chennai
21st April 2017 From India, Bangalore