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Does loss of pay have any impact on pf/esi contribution?
Friends please clarify my doubt. 1. due to loss of pay when there is salary reduction should the pf and esi contribution be reduced accordingly? 2. when there is loss of pay where do these reduction reflect? only in basic and da? or should it be equally deducted from all salary components basic da hra allowances incentives etc. with equal proportion? waiting for your relies. regards shijit.
Pf deduction/gratuity calculation/o.t calculation
Dear all... as we all know that minimum wages should be equal to basic please provide me suggestion 1. if employee basic da 9500...it means it is more than pf ceiling limit i.e 6500/ basic is 6200 and d.a is 3300.then it becomes 9500/. in this regards i have a simply question..lots of professional says pf applicable on basic and somebody favour in basic da. in above salary basic da9500.which is more then 6500 pf ceiling limit but basic is less than 6500 so tell me whether pf will deduct on basic only and why....because we are also giving da..so can we exempt from pf deduction.. 2. if we providing basic da hra conveyance..then overtime calculation will be done basic only or basic daboth.. 3. when employee complete 5 years then he eligible for gratuity...our compensation struture is basic da hra conveyance.. so computation of gratuity will be on basic only or basicdaboth. because i heard lots of professional that gratuity will be paid on basic or somebody says basic daif employer compensation structure are basic da hra conveyance.. provide me your adequate suggestion.. your cooperation in this regards shall be appreciable. thanks
Whether pf deducted from basic or basic +da
Dear seniors we are going to revise the salary structure as per minimum wage policyplease clarify me whether pf is deducted from basic or basicda. secondly whether el also will be calculated on the basis only or basic da ? one thing more whether basicda should be equal to minimum wageor it should be as bifercated in minimum wage is must like as per up minimum wage unskilled 2600 basic1563.98 ? as this is very urgentplease reply me soon. thanks in advance ritu
What should be the basic da
Hi please any one suggest me what should be the percentage of & da in ctc how to frame the salary statement as per law. please anyone send me the salary statement format. currently we have & da 30 on ctc hra 40 on & da ca 800 ma 1250 are we following correctly? thanks in advance. shakunthala
About epfo and esic
Dear sir/madam i have some doubts in epf as below a whether calculate epf from basic & da or gross salary? b if we have calcultate from basic & da basic 15000 ? and basic & da >6500 to
Percentage for calculating basic pay+da for pf calculation
Hello all i am working in an it company we have just enrolled for pf wanted to know of what percentage should i keep basicda of the ctc. in my previous company we used to consider : 3550 as basicda 40 of basic as hra 12 of basic as pfda employer contribution rest the components proportionally now the pf agent of my current company is asking to take minimum 50 of ctc as basicda for pf computation. please let me know can i consider 35 of ctc as basic payda for calculating pf.