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Legal Tip – Food allowance not to be `basic wage’ for provident fund contributions

15 Nov

Food allowance not to be `basic wage’ for provident fund contributions

Food allowance cannot be treated as cash value for food concession. Basic wage 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 case value of any food concession

(ii)             Any dearness allowance

(iii)           Any presents made by the employer

Regards,

Pinal Mehta

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