Dear Sirs,
What is the impact of M.P. High Court's recent judgment whcih laid down the principle for treatment of certain allowances like conveyance, special allowance etc as component of “Basic Wages” for the purpose of Provident Fund liabilities if the same are being paid uniformly, necessarily and ordinarily to all employees. The same may be utilized as per merits of the case.
Whats is the possible way out as it will hike up the company's wage budget.
Pls advise.
Thanks
Sharad
What is the impact of M.P. High Court's recent judgment whcih laid down the principle for treatment of certain allowances like conveyance, special allowance etc as component of “Basic Wages” for the purpose of Provident Fund liabilities if the same are being paid uniformly, necessarily and ordinarily to all employees. The same may be utilized as per merits of the case.
Whats is the possible way out as it will hike up the company's wage budget.
Pls advise.
Thanks
Sharad