Delhi Minimum Wage

Hi Seniors
In delhi minimum wage uis 6656.00. So how is possible to deduct EPF becoz pf ceiling is 6500.00 basic per month.
Please guide me as I was working in HAryana state and Delhi fundamental is new to me.
Thanks & Regards
Shalu

Dear Shalu,
there are 2 option.
1. You can get the exemption from PF
2. you can deduct 780/- from the employee salary and contribute 780 from employer side.(Making 6500/- as the wage ceiling , i.e, 12% 0f 6500 is 780/- )

Ok
Sir If we take exemption from pf then what is the formalities of returns I mean what are the process or forms for monthly returns , Annual Returns etc.
Please guide me the forms numbers which we have to sent EPFO office,

Dear Sunil,
In my assessment, this is the total gross salary, and PF is deducted only on Basic Salaries, you may fix basic salary from 50% to 80% of 6656/- amount, and then deducted 12% of that amount.
Regards,
Manish Bali
MSL,(jindal grp.)

BUt I have check online that minimum wage rate is 256.00 per day for Delhi region.
So minimum wage is basic salary I think/

no minimum wage is not basic salary
its totly depend upon your company policy. you can break it in different component.

Yes ...Sunil I agree with Sarveshra....you may be confused with basic and minimum wages...you must prepare salary break up as per your company policy.
Manish Bali
Manager - HR/IR
Jindal group of Cos.

Dear manish & Sarvesh,
Minimum wages is combination of Basic pay + VDA(Rate decided based on the Cost of living index for particular state) .
Basic wage can be equal or more than the minimum wages only.
Any company policy will follow the minimum wages for basic wage fixation.

Dear Seniors,
tell me how time the labour low applicable in India. i mean first time in India or world. and name of all labour lows in construction and o&m work. please tell me.
Thanks & Regards
JAYDEV SINGH
I R ASST.

No, Mr. k_shenbagarajan,
Please read latest judgment for spliting of minimum wages are permitted.
Regards,
Sarvesh