(1) In accordance with the provisions of this Code, the statutory rules and compliance mandates governing Method of calculating monthly wages shall be enforced across all covered establishments throughout India.
(2) Every employer, establishment, or covered entity shall strictly adhere to the operational guidelines, contribution ceilings, registration schedules, and benefit disbursement standards specified under this section.
(3) Any default, failure to deposit contributions, or contravention of statutory mandates under this section shall be subject to recovery proceedings under Chapter XI and penalties under Chapter XII.
Legal Commentary & Landmark Judgments: Section 75
Section 75 of the Code prescribes the statutory method of calculating monthly wages for the purpose of computing employee compensation under Chapter VII, defining continuous service and deemed wage averages.
In compensation proceedings before the Authority, submit certified twelve-month wage registers and PF/ESIC returns to establish the exact basic and DA earned; this prevents the Authority from imputing arbitrary or inflated peer wages.