Pf And Esi Computation In Case Of Ugc Pay - PDF Download

Dear BJ,
I have to add one more thing. In provision 6 it is clearly stated that contribution is on "the basic wages, dearness allowance and retaining allowance, if any". The attached file with your posting is not regarding contribution, but basic wages. It is a fact that DA is not included in basic wages as stated in the above attachment. Because they are different components.But for contribution to EPF both basic wages and DA will be taken into account.
Abbas.P.S

Dear All,
I had a query regarding the PF.
If employee salary exceeds Rs. 15000/- and opts for voluntarily contribution then whether PF needs to be deducted as well as contributed upto Rs. 15000/- only or on the whole amount.
Regards,
BJ

Dear BJ,
If employee and employer wish, both of them can pay at higher salary. If employee only opts, member's contribution can be at higher salary.
Abbas.P.S