Provident Fund Regulations

Employees Provident Fund and Miscellaneous Provisions Act, 1952 Question 1.Explain basic wages under The Employees Provident Fund Act, 1952. Enumerate the items which are not included in it. (June 2014, 3 marks)Answer:Basic Wages: As per Section 2(b) of the Employees Provident Funds and Miscellaneous Provision Act, 1952, the term “Basic Wages” means all emoluments which […]