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SC’s ruling on PF calculation to hit take home salary

Mumbai: Employers or companies cannot separate ‘special allowance’ from basic salary for calculating provident fund contributions, recent Supreme Court ruling said. The ruling is targeted against HR practices wherein ‘normal salary allowances’ are camouflaged as ‘special allowance’ to avoid provident fund deduction.

from EenaduIndia | Business https://ift.tt/2H0izSJ
SC’s ruling on PF calculation to hit take home salary SC’s ruling on PF calculation to hit take home salary Reviewed by placements page on March 06, 2019 Rating: 5

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