https://www.taxtmi.com/caselaws?id=168634 The Employees' Provident Funds Act, 1952 excludes "bonus" from the statutory definition of "basic wages", and that exclusion was treated as covering bonus forms recognised in industrial law before 1952. Production bonus paid under an incentive scheme, where payment arises only when output exceeds a prescribed base or standard, was characterised as an incentive wage beyond basic wages. On that construction, production bonus of the type in issue is not includible in basic wages for provident fund contribution purposes, and the employer's position prevails. en-us Tue, 11 Sep 1962 00:00:00 +0530 Wed, 18 Mar 2015 16:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168634 The Employees' Provident Funds Act, 1952 excludes "bonus" from the statutory definition of "basic wages", and that exclusion was treated as covering bonus forms recognised in industrial law before 1952. Production bonus paid under an incentive scheme, where payment arises only when output exceeds a prescribed base or standard, was characterised as an incentive wage beyond basic wages. On that construction, production bonus of the type in issue is not includible in basic wages for provident fund contribution purposes, and the employer's position prevails. Case-Laws Indian Laws Tue, 11 Sep 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168634