gini21 Started The Discussion:
R/S Senoirs, Pls let me update with the minimum limit of Basic wage deducts in EPf as max.limit is 6500/-.in Himachal Pradesh.
Posted 21st April 2011 From India, Calcutta
As per EPF & miscellaneous Act 1952, there is no minimum basic. But as per Minimum Wages Act, the minimum payment has to be ensured. Abbas.P.S
Posted 21st April 2011 From India, Bangalore
As per the EPF & Miscellaneous Act 1952, there is no minimum basic. But the wages should be complied with the provisions of the Minimum Wages Act 1948. Abbas.P.S
Posted 21st April 2011 From India, Bangalore
It is right that as per the EPF & MP Act 1952, there is no minimum basic. But the wages should be complied with the provisions of the Minimum Wages Act 1948 i.e. wages for calculating PF contribution should be the Minimum wage as per the Minimum Wages act 1948.

Thanks

Bhupesh
Posted 21st April 2011 From India, Mumbai
It is right that as per the EPF & MP Act 1952, there is no minimum basic. But the wages should be complied with the provisions of the Minimum Wages Act 1948 i.e. wages for calculating PF contribution should be equal to or greater than Minimum wage as per the Minimum Wages act 1948.

Thanks

Bhupesh
Posted 21st April 2011 From India, Mumbai
Under the EPF & MP Act 1952, there is no minimum limit prescribed. However, the maximum statutory limit is 6500 and beyond it is optional.EPF ACT has nothing to do with the minimum wages act as even a piece rated employee earning less than minimum wages has to contribute in r/o a covered estt.
Under EPF Act, contributions are to be deposited on the amount paid /payable.
Chandok--ex RPFC
CONTACT --09988021715
Posted 22nd April 2011 From India, Chandigarh
gini21 
thank you all for the information... VINITA SHARMA HR Executive Velocity Automotives Pvt. Ltd. VOLKSWAGEN AMBALA
Posted 22nd April 2011 From India, Calcutta
there is no minimum limit for epf deduction , But the wages should be complied with the provisions of the Minimum Wages Act 1948. The epf deduction should be on the mimimum wages of that state which can,t be bifurcated i.e mimimum wages shuld be the basic.
thanks & regards,
From,
Sumit Kumar Saxena,
9899669071, 0120-4131277
Posted 22nd April 2011 From India, Ghaziabad
Since there is no min PF prescribed under the law it should not be construed that wages should be near to nil and rest other allowances! Wages are governed under the Min Wages Act and varies men to men, place to place and Industry to Industry. Consider what do u pay as Basic & DA. U may limit upto 6500/-
PS even a part-time employee getting paltry sum need to be enrolled as PF Member irrespective of the fact that he has many Masters and total exceeds 6500/- from all. U have to discharge your liability to the extent what do U pay.
Posted 22nd April 2011 From India, Jaipur
gini21 
Seniors, this information is really useful,but my doubt is still there..... acc to min wages act(haryana) min wages are 3310. and basic is 60% of total wages. so for 4000rs. salary what shuld be the basic pay 3310 0r 2400 or i can take below 2400(60% of 4000rs.) or above 3310 upto any extent since there is no fixed limit for basic pay. so what is 60% max limit of basic to wages or min limit??????



VINITA SHARMA
HR Executive
Velocity Automotives Pvt. Ltd.
VOLKSWAGEN AMBALA
Posted 23rd April 2011 From India, Calcutta
Dear vinita,
greetings for the day
If the mimimum wages is Rs. 3310, the pf deduction should be on Rs. 3310, in the case you are asking that if wage is Rs. 4000/-, the EPF should be deducted on Rs. 3310, the basic rate should not be less than the minimum wage describe by that state, the consideration of 60% is only applicable when the wages exceed Rs. 10000/-.
hope this will clear all your doubt.
Thanks & regards,
from,
sumit kumar saxena,
+91-9899669071, 0120-4131277

Posted 27th April 2011 From India, Ghaziabad
gini21 
Mr. Sumit....thanx a lot this is a realy helpful information....this will help me a lot........thank you once again...........
Posted 28th April 2011 From India, Calcutta
Dear vineta, Greetings for the day, acknowledge with thanks, sumit +91-9899669071, 0120-4131277
Posted 28th April 2011 From India, Ghaziabad
Dear Kamal,
Greetings for the day,
The minimum basic to be fix should be minimum wages of the state as described by the state time to time like in UP
US- 4163.98( montly) or 160.15(daily)
The fix basic should be Rs. 4163 which is the component of basic +da/vda which is neither be bifurcated nor can be consider less.
thanks & regards,
From,
Sumit Kumar saxena,
+91-9899669071, 0120-4131277

Posted 29th April 2011 From India, Ghaziabad
Dear all
I beg to differ with Mr Saxena for the reasons that the Min Wages are inclusive of HR component where as Basic wages for PF does not. The basic wages and other allowances whatever their name may be put together should not be less than the prescribed Min Wages, as it will violate the MW Act. EPF Act requires Basic Wages plus DA, retaining Allowance and Food Concession if any for contribution. It excludes HRA OT etc. Thus it is not necessary to fix MW as Basic Wages. Basic Wages certainly can be less than the MW fixed by the State. Pl refer what Dr Chandhok has mentioned on this topic.
Sorry Mr Saxena to contradict U.
Posted 30th April 2011 From India, Jaipur
Dear satish,
Greetings for the day,
No need to apologise for contradiction but it is a healthy symbol to get result.SAtish i mean to say about the minimum wage which is defining by the state ime to time and it is the component of basic+da/vda which can't be bifurcated in the mininimum wages doesn't include HRA so go through it carefully.
Thanks & regards,
From,
Sumit Kumar saxena
+91-9899669071, 0120-413277

Posted 30th April 2011 From India, Ghaziabad
Dear Sumit
The context are different. MW includes cost of shelter. Additional DA or ADA are also required to be added. But the HRA is not necessary in addition to MW DA & VDA. If Wages & HRA meets the minimum limits there is no problem. Similarly Basic Wages are not inclusive of HRA. The MW thus can be bifurcated as Basic Wages + HRA.
HRA has to be bifurcated for the purpose of PF, since it has been expressly & specifically excluded for the purpose of PF calculation.
Posted 2nd May 2011 From India, Jaipur
Dear Satish,
Greetings for the day,
Thanks for responding, first of all it should be clear that what minimum wage is, it is describe by state govt. time to time as per cost index.secondly it is component of Basic +da which can only be split into basic +da instaed of HRA & other.
eg
Take the case in up where minimum wage is Rs. 4163.98 which include basic (Rs.2600/-) + vda(Rs. 1563.98/-) the total is Rs. 4163.98 the dedection of epf will be on Rs. 4163.98 not on Rs. 2600/-, secondly the The amount Rs. 4163.98/- can only be split into basic and da not in basic +da+hra.
Last but not least wages & HRA can't meet the minimum limits these are views of the consultant who talks only and only in favour of employers how to reduce cost ignoring the compliance standards of labour laws.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071, 0120-4131277.

Posted 2nd May 2011 From India, Ghaziabad
basic wages is not less than are minimum wages in state. Sumeet Pal HR Exec. Monnet Group Raigarh
Posted 20th July 2011 From India, Raigarh
Sir,
I want to know about the Minimum Wages in Tamil Nadu,
Unskilled per day ........... ? + DA
Semiskilled per day ........... ? + DA
Skilled per day ........... ? + DA
Highly Skilled per day ........ ? + DA

pradyumna
Posted 10th August 2013 From India, Bhubaneswar



 
 
 
 







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