Determination of wages as per wage code is one thing and contribution to PF & ESI are different things. Once wages has been determined combining Basic, DA and Allowances , the contribution of PF & ESI will be same as at present i.e. PF will be on wages only and ESI on monthly gross. As per social security code PF contribution will be 10% instead of 12% at present.
S K Bandyopadhyay ( WB, Howrah)
CEO - USD HR Solutions
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S K Bandyopadhyay ( WB, Howrah)
CEO - USD HR Solutions
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