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: AIR 2008 SC 1951 Court: Supreme Court Decided on: 12.03.2008 Facts Regional Provident Fund Commissioner (“Commissioner“) ordered that the amount received on encashment of earned leave has to be considered for the purpose of calculation of “basic wage” under Section 2(b) of Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (“Act“). Accordingly, Respondent raised…