Transcription of Splitting-up of the Minimum Wages Vs. Basic …
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Splitting-up of the Minimum Wages Vs. Basic Wages as defined under the Employees Provident Fund and Misc. Provisions Act,1952 ! ""##$% &$" $'$""(#$#( &$" $$%'#$(()# &$" "" % )" ) * ! + ! ,- !. Whether the provident fund contributions under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, (hereinafter referred as the Act , 1952 ), are liable to be remitted to the Fund on not less than the Minimum Wages , prescribed under the Minimum Wages Act, 1948, (hereinafter referred as the Act of 1948)? The Act of 1948, as per its preamble, is, An Act to provide for fixing Minimum rates of Wages in certain employments. The said Act empowers the appropriate Government under section 3 to fix Minimum rates of Wages payable to employees in an employment specified in Part I or Part II of the Schedule and in an employment added to either Part by notification under section 27 and review at such intervals, as it may think fit, such intervals not exceeding five years, the Minimum rates of Wages so fixed and revise the Minimum rates, if necessary.)
(iii) any presents made by the employer. The section 6 of the Act of 1952 provides for payment of provident fund contribution by the employer, both employer’s and employee’s share as the requisite percentage of basic wages, dearness allowance and retaining
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