hr.krishnakumar
14

Dear HR Fraternity, In view of Supreme Court Judgment on PF and Amendment to ESIC Act, we have modified the salary structures of the employees, which are as follows:
1) Basic
2) HRA
3) Children Edn
4) Washing Allow.
PF calculation and other statutory calculations :
Earlier we have calculated PF contributions only on Basic only. As per SC direction, we are now required to treat other salary components also except HRA. Hence, the PF Gross = Basic + Children Education + Washing Allowance. OK
As of now, we are calculating the Gratuity and Leave encashment on Basic only.
When we arrive the PF gross as Basic+Child. Edn+Washing Allow;
My querry is;
How to calculate Gratuity? Whether only on Basic or PF Gross (Basic + Children Edn. + Washing Allow.) as directed by SC .
Your expert advice is highly appreciable and helpful to HR community.

From India, Hyderabad
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