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Can an employer reduce the basic and gross salary under epf act
If an employee s basic pay is rs. 70000/ and pf contribution is voluntary after reducing the basic by employer his basic pay is 50000/ . as per epfo act an employer can not reduce basic pay. so kindly tell me an employer can reduce the basic as per epf act. further help to know if employer can reduce the gross salary
Confusion in eps continue contributing after job basic pay increases above 15k
I was joined eps with basic pay of 10k in 2016. later in 2020 changed company and my hr says i am not eligible for eps as my basic pay is more then 15k. but as per below thread i am eligible. what action can i take? eredepsnotpg2.html
Basic pay - merger or takeover scenario salary fitment - can we reduce the existing basic pay of an employee?
Hi all in any merger or takeover scenario when the salary structure of the 2 companies are different in order to bring all the employees under one common payroll can we reduce the existing basic pay of an employee when doing the new salary fitment for them keeping the gross annual pay constant.
Can management reduce basic salary?
Dear professionals greetings due to current market scenario my company management is thinking to reduce salary. its management s thought that since pf and gratuity is attacked by basic salary we should reduce basic. pl let me know whether it is legal to reduce basic salary. if yes what steps / compliance we need to complete. pl note that we are paying more than minimum wages and pf is calculated on actual basic. most of the employees come under staff / officer category. thanking you in advance.
Regarding pf
i m working with a manufacturing company as an hr executive. i have a dought regarding pf. earlier my company was deducting pf on full basic i.e if an employee is having a basic of 10000 the employee\'s share was 12 that is 1200 and similarly the employer\'s share that is 120012 and admin charges extra. but now the company came up with some new policy and decided that the company will not pay its share of contribution on full basic as they were doing earlier they will only contribute on 6500 basic. my dought is can we reduce the basic amount from 10000 to 6500? for those employees who are already contributing on 10000 basic?
Can employer reduce the other component of salary due to increase in basic wages
Can employer reduce the other component of salary to pay the increased basic and da as per minimum wages to make net salary remain same to employee?