PF applicability to be checked on which amount Gross pay or Basic Salary.
For Instance,
Basic Salary of Mr.A is 12,000,DA-2000,Additional Allowance-4000,So Gross Pay Comes to Rs.18,000, is PF mandatory to the Mr.A.
From India, Kottayam
For Instance,
Basic Salary of Mr.A is 12,000,DA-2000,Additional Allowance-4000,So Gross Pay Comes to Rs.18,000, is PF mandatory to the Mr.A.
From India, Kottayam
Yes. PF need to be covered for the employees whoever has the basic+ DA less than 15k. In your case Mr. A got basic + DA is 14k. So he is covered under the act.
From India, Chennai
147From India, Chennai
My doubt is to check manatory PF applicability we have to consider an employees wages in total or Basic salary alone (as per epf act)
Contribution is ok,which is limited to 15,000 of Basic+DA.
Can anyone share exact section of epf explaining on which amount epf applicability to be checked-
1.Basic Salary Alone
2.Basic+DA+Retaining Allowance
3.Gross Pay
From India, Kottayam
Contribution is ok,which is limited to 15,000 of Basic+DA.
Can anyone share exact section of epf explaining on which amount epf applicability to be checked-
1.Basic Salary Alone
2.Basic+DA+Retaining Allowance
3.Gross Pay
From India, Kottayam
Dear sir,
Greetings for the day,
For calculation of EPF accumulation the basic+da+food conc.(if any) is reqired no any other allowance is required in case salary structure is like Basic+HRA+Cony.+Other Allowance, the component of basic will be consider and rest will not.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
For calculation of EPF accumulation the basic+da+food conc.(if any) is reqired no any other allowance is required in case salary structure is like Basic+HRA+Cony.+Other Allowance, the component of basic will be consider and rest will not.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF applicability.p df