Maharashtra Welfare fund

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This query is : Resolved

Gaurav Thakkar (Querist)

19 November 2008 CAN ANY ONE TELL ME ABOUT THE APPLICABILITY OF Maharashtra Welfare fund.

AND THE EFFECTIVE DATE OF AMMENDMENT OF PAYMENT OF BONUS ACT

AND ALSO WHERE CONVEYANCE ALLOWANCE IS TAKEN FOR CALULATION OF SALARY WHILE CALCULATING SALARY FOR ESIC AND BONUS.

Ravikumar.G

Ravikumar.G (Expert)

20 November 2008 For MWF get it from the following URL:

https://www.excelconsultancyservices.co.in/LabourWelfareFund.htm

Ravikumar.G

Ravikumar.G (Expert)

20 November 2008 It is to be noted that employees drawing salary or wage exceeding Rs. 10000.00 per month are not entitled to get any bonus under the Act. (w.e.f. 1 April 2006)

Ravikumar.G

Ravikumar.G (Expert)

20 November 2008 Components of Bonus
Salary or wages includes dearness allowance but no other allowances e.g. overtime, house rent, incentive or commission. {Section 2(21)}

Ravikumar.G

Ravikumar.G (Expert)

20 November 2008 To be deemed as wages for ESIC :
Basic pay
Dearness Allowance
House Rent Allowance
City Compensatory Allowance
Overtime Wages (but not to be taken into account for determining the coverage of employee)
Payment for day of rest
Production Incentive
Bonus other than statutory bonus
Night shift Allowance
Heat, Gas & Dust Allowance
Payment for unsubstituted holidays
Meal / Food Allowance
Suspension Allowance
Lay off Allowance
Children Education Allowance (not being reimbursement for actual tuition fees

Ravikumar.G

Ravikumar.G (Expert)

20 November 2008 Not to be deemed as Wages for ESIC :

Contribution paid by the employer to any pension / provident of under ESI Act.
Sum paid to defray special expenses entailed by the nature of employment – Daily allowance paid for the period spent on tour.
Gratuity payable on discharge
Pay in lieu of notice of retrenchment compensation
Benefits paid under the ESI Scheme
Encashment of leave
Payment of Inam which does not form part of the term of employment
Washing Allowances for livery
Conveyance amount towards reimbursement for duty related journey

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