CODE OF WAGE ACT,2019

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The Code of Wage Act, 2019, became applicable from 8th August 2019. For the financial year 19-20, it is effective from September's salary. This clarification addresses concerns about PF deductions on basic salary, especially when basic pay is less than 50% of the CTC.

Helper

Helper (Querist)
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23 April 2020 Dear Experts,
Would like to known from which year , the Act is applicable.
Is it applicable for FY 19-20 & from which date.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 April 2020 It's applicable from 8th August 2019.

Helper

Helper (Querist)
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24 April 2020 Dear Sir,
Then From which month we need to apply this i.e effective date or month of salary.
Is it applicable from September month salary.
Since in some of client , they deducting PF on basic & further the company does not have Basic = 50% of CTC.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 April 2020 Yes apply from September month salary.

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