Hey, If an employee gross salary is 9000/- what will be the EPF wages and EPF deduction?
15th April 2019 From India, Chandigarh
EPF contribution is applicable on basic salary,
rate of deduction is 12% of basic salary
16th April 2019
basic salary is below the minimum wages, i want to clarify, 15000 is the basic ceiling wage, on this 12% will be deduct.
my point is; if employee gross salary is 9000, on his basic salary which will be 4500 we will calculate 12% on 4500. is it okay maximum range is 15000, what will be the minimum basic wage
16th April 2019 From India, Chandigarh
You need to deduct 12% of 9000. because of supreme court judgement say that PF is applicable on sum of all allowances including basic and basic can not be less than local minimum wages.
18th April 2019 From India, Mumbai
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