Hi All, Has the Honorable Supreme Court issued any Amendment for Provident Fund calculation? Previous calculation is Basic+DA*12%. But now as per the amendment we have to calculate Basic+DA+RIC/HRA+Attendence Bonus+OT*12%.
Please describe can we include HRA (House Rent Allowance) in this?
12th July 2019 From India, Bengaluru
As per the PF Amendment if Basic salary is less than 15000/- then for the benefit of the member as per PF judgement PF has to be calculated on gross salary minus HRA amount out of which a maximum of 15000/- to be considered. So where the Basic salary is less than 15000/- needs to be enhanced to above 15000/- If the basic is above 15000/-then gross minus hra is not required to follow
12th July 2019 From India, Madras
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™