Epf calculation - What is the actual method as per EPF Act which states 12% of Salary/Wage? - CiteHR
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One of the contractor has submitted Labour Declaration to a PSU with EPF deductions calculated only 12% on Basic excluding DA is there any amendments in EPF. Some contractors submit declaration on the basis of 12% of Basic+DA. What is the actual method as per EPF Act which states 12% of Salary/Wage
dear I am right or not
Basic 13800.00 PF 12%of 13800.00 Rs.1656
HRA 6900.00
Conv. 2300.00
Total 23000.00
what your opinion
regars

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