Dear sir. As per recent PF amendment except HRA rest of the allowances u need consider for PF deduction or u have to take minimum fixed slab Rs.1800 for pf.
From India, Chennai
From India, Chennai
Dear SK,
With reference to recent amendment in PF except HRA rest of all allowances shall come under EPF wage Basic, the employer's basic wage ceiling remaining same as Rs.15000/- or EPF contribution amount Rs.1800/- (8.33% - Rs.1250/- into Pension amount, 3.67% - Rs.550/- into EPF account)
But if the employee basic wage is more than Rs.15,000/-, the EPF deduction 12% will be on actual basic wage if his/her interest, but employers wage basic is limit to Rs.15,000/- only as above said.
From India, Hyderabad
10With reference to recent amendment in PF except HRA rest of all allowances shall come under EPF wage Basic, the employer's basic wage ceiling remaining same as Rs.15000/- or EPF contribution amount Rs.1800/- (8.33% - Rs.1250/- into Pension amount, 3.67% - Rs.550/- into EPF account)
But if the employee basic wage is more than Rs.15,000/-, the EPF deduction 12% will be on actual basic wage if his/her interest, but employers wage basic is limit to Rs.15,000/- only as above said.
From India, Hyderabad
Employees PF (5th Amendment) Scheme 2015.pdf