About EPFO And ESIC

Aravindan Palanisamy
Dear Sir/Madam,
I have some doubts in EPF as below
a) whether calculate EPF from basic & DA or Gross salary?
b) If we have calcultate from basic & DA, basic 15000 =? and basic & DA >6500 to
nijanc
Dear Aravindan,
As per act of EPF the PF must be calculated from Basic+DA and the amendment follows from the 2014 the basic sealing limit has extended till 15000Rs. So you should consider all the allowances as BASIC until the employee salary cross Rs 15000. But some allowances not consider under this like TA, FA, HRA, LA and Educational allowance, Incentive(Variable).
If basic 15000 rs and EEPF = 15000*12% = 1800 and ERPF = 15000*13.1 = 1965 so Total PF = 3765
If you have further queries please come forward
natraj@sakthimanagement.com
Dear Mr Palanisamy
As at present calculate PF for the present Basic & DA. In case of any specific doubt, pl contact me.
Regards
N Nataraajhan, Sakthi Management Services (Mob : + 91 94835 17402 ; e-mail : [Login to view])
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