What is ‘Basic Wages’ for the purpose of PF contributions

What is ‘Basic Wages’ for the purpose of PF contributions? The definition of ‘Basic Wages’ has been defined under Section 2(b) of the EPF & MP Act, 1952 as below: Section 2(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


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