answer to EPF query
A.R.KUPPUSAMI
(Querist) 24 November 2010
This query is : Resolved
Wages defined in EPF Act is that Basic +Dearness Allowance and any cash or in kind that is food grains on concessional rates meant for wages
A.R.KUPPUSAMI
(Querist) 24 November 2010
Wages defined in EPF Act is that Basic +Dearness Allowance and any cash or in kind that is food grains on concessional rates meant for wages
Kirti Kar Tripathi
(Expert) 25 November 2010
Wages under the the EPF Act means Basic+D.A.= retainying allowance if any. the basis pay as defined in the Act as below
(b) "basic wages" means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him but does not include :
(i) the cash value of any food concession;
(ii) any dearness allowance (that is to say all cash payments by whatever name called paid to an employee on account of a rise in the cost of living) house-rent allowance overtime allowance bonus commission or any other similar allowance payable to the employee in respect of his employment or of work done in such employment;
(iii) any presents made by the employer;
Thus amount paid for food grains or concession rate shall not form part of wage for the purpose EPF Act
