Hello, As per the new wage code how to calculate PF and on which component Basic HRA Conveyance Allowance Medical Allowance Special Allowance Above these components what are excluded/included.
From India, Hyderabad
As per new Social Security Code, PF contribution will be on Wages ( Basic +DA) only @10% . This will be effective after Government notification for application date.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions,
From India, New Delhi
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