Hi All....
I need clarification about EPF, our company going to start EPF
Our company employees pay scale is as
Salary structure is
Basic, HRA, SP. Allow, Transport Allow, Out of Duty Allowance, Tell. Allow.
Start with
a) Basic 2000, HRA 800, Spl Allo. 50, Transport Allow. 800, Tel. Allow. 350 = 4000 + Meal Cash 500
b) Basic 23000, HRA 9200, Sp. Allow. 2000 Transport Allow 800. = 35000+ Sodexo Meal Voucher 3000
Calculation is on Basic 23000x12% 2760/- + 8.33% 1916/- + 844/- = 5,520/- is correct
How to calculate the a) & b) we are not giving DA.
so please am requesting you to all give a fast reply

6th May 2010 From India, New Delhi

Hi All
With regards to PF is there any criterion with respect to no of employees in an organization or PF is applicable to all companies irrespective of no of employees????????
Would also like to know basic components in a salary package mandated by Law?????
Thks & rgds
Amit Gupta -
7th May 2010 From India, Mumbai
Dear ASB Nair, Ceiling salary for EPS contribution is Rs. 6500. Accordingly Rs. 541 will only go to pension fund. Balance Rs. 2219 will go to individual PF account as employer contribution. Abbas.P.S
11th October 2010 From India, Bangalore
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