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.
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.
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,
Sumit Kumar Saxena,
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.
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??????
Velocity Automotives Pvt. Ltd.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> labour laws wages act pf deduction basic pay Location-India-Calcutta minimum wages himachal pradesh Complete List Of Categories
Interesting Relevant Discussions