Minimum Wages And PF Caluculation

rameshgrm
As per the Minimum wages Basic + VDA is Rs.6000/- , At what amount pf will be deducted ?
Madhu.T.K
EPF will have to be deducted on salary which includes Basic Salary and Dearness Allowance (whether fixed or variable) Therefore, in your case Pf is to be deducted from Rs 6000.
Regards,
Madhu.T.K
parveshvishwakarma
I agree what has been stated in the post, As PF is applicable on Basic & DA. ( in your case - rs. 6000/-).
sumitk.saxena
Pf should be deducted on rs. 6000/- as because this is the component of basic+vda which is necessary component for epf deduction.
Thanks & regards,
from,
sumit kumar saxena,
Rajesh K Sharma
As per EPF definition the PF contribution of PF on Basic + VDA and PF Salary Limit Upto 6500/-, so you have to deduct the Pf Contribution on Rs. 6000/- (Basic + VDA), if the verification of amount Rs.6000/- into Basic, DA and other alw. like HRA, CCA e.g. Basic Rs. 4000 + VDA Rs.1000 + HRA Rs.1000/- than you have to deduct the PF contribution on Rs.5000/- not on 6000/-.
As per minimum wages act the total remuneration should not less the fixed minimum Rate.
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