Is special allowance(conveyance, performance incentive) be part of basic wage for calculating PFsalary.
For example person with (Basic wage : 14000, HRA 3000, conveyance 2500, performance incentives 1000).So his EPF can be 14000x12% = 1680 or 17500x12% =1800
Please advise us..
From India, Chennai
Promoted: XLRI - Executive Development Program in Project Management for Senior Professionals (Explore Course)
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.