Is It Possible To Reduce The PF Contribution if minimum wages Rs 9743 and epf deduction Rs 1169 12% how to reduced epf deduction amount best salary structure to save epf
5PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
If the statutory minimum wages is Rs 9743, then you can deduct and contribute 12% of it to PF. You cannot reduce the PF contributing salary to any amount less than this.
There is no best salary structure to save PF but you can chose the ideal or optimum salary structure to reduce the TENSION of PF related inspection and risks associated with it. That is to consider the salary of Rs 15000 for PF. If the statutory minimum wages is less than Rs 15000, then contribute PF on that minimum wages.
Please consider employees as an asset and not a burden.......
From India, Kannur
There is no best salary structure to save PF but you can chose the ideal or optimum salary structure to reduce the TENSION of PF related inspection and risks associated with it. That is to consider the salary of Rs 15000 for PF. If the statutory minimum wages is less than Rs 15000, then contribute PF on that minimum wages.
Please consider employees as an asset and not a burden.......
From India, Kannur
Creating a Competitive Salary Structure.doc
Salary Structure.zip