Loading Display Please Wait
sumitk.saxena 
171
171
Dear Mukti,
Greetings for the day,
Component consider for deduction of EPF is basic+da/vda+food conc. (if any), but mind it basic salary must not be less that the minimum wages as defind by state time to time. Secondly basic upto Rs.6500/- , the ducution of EPF will be must if basic exceed than Rs.6500/- then it is solely depend on the employer to provide benefit of EPF to its employee or not. Thirdly it is also depend upon the employer to deduct epf on actual basic or restrict for Rs. 6500/-. Once if an employee becomes a member of epf then the facility can't be withdrawn until his/her basic exceed, but it may restrict to Rs. 6500/-, But accumulation of EPS/EDLI should be done on Rs. 6500/-.
Hope this will be enough to clear your doubt, also go to my previous posting.
Thanks & Regards,
From,
Sumit Kumar Saxena
4th October 2013 From India, Ghaziabad
Greetings for the day,
Component consider for deduction of EPF is basic+da/vda+food conc. (if any), but mind it basic salary must not be less that the minimum wages as defind by state time to time. Secondly basic upto Rs.6500/- , the ducution of EPF will be must if basic exceed than Rs.6500/- then it is solely depend on the employer to provide benefit of EPF to its employee or not. Thirdly it is also depend upon the employer to deduct epf on actual basic or restrict for Rs. 6500/-. Once if an employee becomes a member of epf then the facility can't be withdrawn until his/her basic exceed, but it may restrict to Rs. 6500/-, But accumulation of EPS/EDLI should be done on Rs. 6500/-.
Hope this will be enough to clear your doubt, also go to my previous posting.
Thanks & Regards,
From,
Sumit Kumar Saxena
4th October 2013 From India, Ghaziabad
Discuss problems openly with your peers around the world without getting into company specifics. Access to years of such problem discussion data and business material is at your finger tips.
All resources created by our members are available to everyone at no cost.
ESIC increase in Ceiling Wages 10 to 15000-1.pdfDisclaimer: This network and the advice provided in good faith by our members only facilitates as a direction. 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.
