Tag: PF on special allowance

The Short Answer Employers must pay PF on special allowances, but not on genuine conveyance allowances, subject strictly to the 50% statutory wage cap. Under Section 2(88) of the Code on Social Security, 2020, a special allowance constitutes “remuneration” and lacks a statutory exclusion, legally classifying it as wages. A conveyance allowance is explicitly excluded, […]