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Epf on allowances - can i show 40% basic plus 60% hra so that no need of deducting epf on total wages?
Dear all i am working for a shopping mall where most of the employees are covered under epf and their wages are <15000. as of nowwe are deducting their epf on basic of 40. as per new supreme court order we have to pay the epf on all the allowances except few. can i show 40 basic plus 60 hra so that no need of deducting epf on total wages. or is there any other way as our employees are also not interested to deduct pf on total wages. please advise.
Epf contribution query in case of lwp
I am writing to seek clarification on epf calculations based on the pf wages limit which is 15000/ per month at present as illustrated below. a member s basic wage all allowances except hra is rs.16506/ per month. his monthly pf calculated as 1500012 rs.1800 example in the month of september' 22 this member gets 29 days wages due to one day without pay loss of without pay . his earned basic wage is 16506/3029 days rs. 15956/ what should be his epf contribution? option 1 : 12 on his earned basic of rs.15956 i.e on 1500012 rs.1800/ or option 2 : 12 on his earned pf wages calculated as 15000/3029 days rs.14500/ i.e on 1450012 rs.1740/ we are paying pf contribution always on 15000/ but in case of without pay leave contribution done according epf wages ceiling upto 15000/ only 15000/ particular month no of payable days please give me some advice on which option out of the above is correct? we need to clarify the same to one of our clients with documentary evidence. thank you regards dwarika p nautiyal
Clarification on epf wages
Dear seniors as per sec 2b wages means all emolument which are earned by an employee while on duty or on leave or on holiday with wages in either case in accordance with the terms of the contract of employment which are paid or payable in cash to him but does not include : 1 the cash value of food concession. 2 any dearness allowance that is to say all cash payment why whatever named called paid to an employee on account of rise in living my query is : this wages definitation state that paid or payable in cash to him. does that means if we paid wages by cheque or neft then no epf contribitions will attract? 2 practically for epf contribution we consider basic plus da but in this interpratation u/s 2b da is in this clause of does not include? please clarify my doubt.... regds mukesh kumar
What is ‘basic wages’ for the purpose of pf contributions?
What is basic wages for the purpose of pf contributions? the definition of basic wages has been defined under section 2b of the epf & mp act 1952 as below: section 2b basic wages means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him but does not include i. the cash value of any food concession; ii. any dearness allowance that is to say all cash payments by whatever name called paid to an employee on account of a rise in the cost of living house rent allowance overtime allowance bonus commission or any other similar allowance payable to the employee in respect of his employment or of work done in such employment; iii. any presents made by the employer; considering the above section plz recommend : a. basic d. a. total m.w. total m.w.12 p f contribution b. basic d. a. total m.w. basic12 p f contribution which is the case a or b is appropriate to caluculate the pf contribution. plz suggest.
Attendance, conveyance allowances - epf wages applicable allowances?
Staff salary 1. epf paid only basic da as per minimum wages act applicable 2. most of the employees paid basic da is 12000/ we paid epf. 3. above 15000 / salary we paid 15000/covered epf no excluded employees 4. medical allowance 1250/month education all 200/ tele all 200/ conveyance 1600 / attendance allowance we paid to staff but not deducted in epf. the above allowance are if applicable are not in epf wages.
P.f. contributions on special allowance - supreme court on allowances universally, necessarily and ordinarily paid to all across the board
Dear sir: in an important supreme court recent ruling that where the allowances universally necessarily and ordinarily paid to all across the board such allowances are considered to be "basic wages" and as such these allowances attracts p.f. contributions. in this background my queries: 1. when the contributions are paid by the employer on the actual minimum wages below the ceiling of rs.15000/ for the scheduled employment fixed by the respective government whether the employer need to pay contributions over and above minimum wages amount shown in the other allowance columns attract p.f. contribution by virtue of this judgment? 2. the apex court has now cleared as to what are the allowances construed as basic wages. since there is a guideline for arriving at basic wages whether it would be applicable to the payment of gratuity act as in this pga there is no ceiling fixed as that of epf & misc act i.e. rs.15000/ per month. in that case whether an employer has to pay gratuity on the basis of basic pay arrived at by this sc judgment for calculation of gratuity working for the outgoing employees. request experts views please.