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
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
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
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.
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Wage Code Bill - Summary.docx
Wage-ceiling-ep f-6500-15000-ci rcular-circular .pdf
Salary Calculation With OT ESI EPF ADV(1).xls