What is Compensation and Benefits? Compensation and benefits is a branch of human resources that…
Conveyance allowance cannot be part of Wages under ESI ACT
Employees’ State Insurance Corporation (Minister of Labour & Employment, Govt. of India)
Sub: SLP No.811/2021 in the matter of ESIC V/s M/s. Texmo
The Supreme Court has confirmed that Travelling Allowances should not be considered as part of wages for the purpose of calculating ESI dues. This comes into effect from 8th March 2021.
Reference: Supreme Court judgment on conveyance allowance
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