Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
Please go through Sec 2(b) which defines basic wages and Sec 6 which deals with calculation of contribution ( Employees provident fund & Miscellaneous Act).
1) PF deduction is mandatory in respect of employees who's wages/salary is less than or equal to Rs.15000/-.
2) Where basic salary is more than Rs.15000/-, for the purpose of pf contribution we can restrict the basic wages to Rs.15000/-.
From India, Mysore