I CAME TO KNOW THAT PROVIDENT FUND WILL NOW BE DEDUCTABLE ON BASIC +D.A +ALLOWANCES.
IS IT SO?
SUPPORT WITH CASE LAWS AND NOTIFICATION
THNX IN ANTICIPATION.
B.K.CHAKRABORTY
DELHI-110065
1 Replies
(Guest)
Hi,
I don't know the exact case law. But i found it in newspaper that last year Madras HC and Madhya Pradesh HC in two separate cases had held that allowances under different heads such as conveyance, education, medical, food concession, special holidays, night shifts, city compensatory allowance etc, qualified as basic wages under section 2(b) of the PF Act and needed to be included while computing the PF contribution.
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