Madhya Pradesh HC asks employers to include HRA, conveyance to fix PF - July 19, 2011

The Madhya Pradesh High Court has recently ruled that employers should start considering house rent and transport allowances while calculating PF.

The Madhya Pradesh High Court has recently ruled that employers should start considering house rent and transport allowances while calculating PF. With this the retirement amount to be received by employees would see a hefty rise, although that would be at the cost of their take-home salaries.

Source: www.financialexpress.com, July 19, 2011. “Include HRA, conveyance to fix PF: HC”

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