Minimum Limit of Basic wage deduct in EPF
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Minimum Limit of Basic wage deduct in EPF

View Poll Results: basic is 60% of total wages then 60% is_____ limit of basic to wages.
Maximum 31 91.18%
Minimum 3 8.82%
Voters: 34. You may not vote on this poll


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.

abbasiti - Member Since: May 2010
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

abbasiti - Member Since: May 2010
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

bhupesh7171 - Member Since: Jul 2008
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

bhupesh7171 - Member Since: Jul 2008
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

AK CHANDOK - Member Since: Apr 2010
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

gini21 - Member Since: Dec 2010
thank you all for the information... VINITA SHARMA HR Executive Velocity Automotives Pvt. Ltd. VOLKSWAGEN AMBALA

sumitk.saxena - Member Since: Nov 2007
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

Satish Kumar Bhargava - Member Since: Nov 2010
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.

gini21 - Member Since: Dec 2010
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



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