Principal Hr Consultant
Group Compliance Manager
Senior Manager/freelance Consultant
Personnel Management &ir
When did supreme court has given any verdict? Do you have any copy of the judgement which can be provided. The case of EPFO V/S G4 securities is still pending in supreme court post which anything finally can be call upon. Till then the employer decide on what contribution they want to deduct PF. Generally 50% of basic is good to go from gross salary for deduction of PF but ensure the difference of basic vis a vis minimum wage would not be so high that it looks unacceptable, upto 20% is ok as per most of the industry standard.
6th August 2017 From India, New Delhi
This matter is before the Supreme court & the judgement is still awaited. Till then, Haryana High Court decision is binding on all which allows splitting of min wages for the purposes of PF contribution. However, Min wages can be split into components of Basic, DA, HRA & uniform washing. LTA or food allowance can not form part of min wages.
Basic + DA component should be at least 50 % of the notified min wage.
7th August 2017 From India, Delhi