Ahammad.skDear 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
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Kiran - HR
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
Kiran - HRExcept HRA Rest Of The Allowances You Need Consider For PF Deduction? Could you please share me the notification or any supporting documents
From India, Bengaluru