Pf Deduction - Pf Deductions [Thread 388178] - CiteHR
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Can we split Min Wages Basic for PF Deposit ? Its 1oo% of basic or we can split it to 50-50 or others any notification ? Please Help
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Dear Astra
you as an employer, can determine the quantum of wage components provided what you pay in toto shall not be less than the minimum wages.
B.Saikumar
HR & labour Law Consultant
Chipinbiz Consultancy Pvt.ltd
Mumbai
Mob: 09930532927
There is a State wise Minimum Wages Act and there were categories
1 Establishments
2 Contract Labour
3 Security Labour
4 Factory Labour
Labour Have a class A B & C
Please see the Minimum Wages for State wise
and PF Standard Limit is 6500/- above depend on both employee and employer wish but follow Section 26 (2) for PF
Regards
Riyaz
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