Citation: 2011 LLR 867 Decided on: 24.03.2011 Court: High Court of Madhya Pradesh Facts The Petitioner-company was remitting the provident fund contribution of eligible employees in accordance with the Employees’ Provident Fund Act, 1952 (‘Act’) and the Scheme and it was deducting provident fund contribution on two components of salary, i.e., Basic + VDA (dearness…
Incentive bonus or production bonus and is excluded from the definition of basic wages under Section 2(b) of EPF Act and should not be considered for the purpose of provident fund contribution.
Citation: AIR1963SC1474 Decided On: 11.09.1962 Court: Supreme Court Facts The Appellant-company had a production bonus scheme in force which provided for payment of production bonus over and above wages fixed. Production bonus was to be paid on certain rates specified in the relevant scheme when the output reaches certain number of tons (say, x tons)…