Hello All,
I have newly joined in one of the organization where we pay on consolidated scale to our employee. I want to reconfirm about my understanding on change in PF celing wage of 15000/- per month.
For a gross of 12000 per month we have the following structure :
Basic : 7800, HRA: 1800, CLA:1200, TA:1200. We are currently deducting pf of amount 936 (7800*12%)
Whereas to meet the PF celing wage requirement i am suggesting to make following structure to meet the requirement.
Basic : 12000 so that PF will be 1440 (12%*12000). Pl confirm is this correct.
The said proposal was in discussion with my PF consultant.
I have newly joined in one of the organization where we pay on consolidated scale to our employee. I want to reconfirm about my understanding on change in PF celing wage of 15000/- per month.
For a gross of 12000 per month we have the following structure :
Basic : 7800, HRA: 1800, CLA:1200, TA:1200. We are currently deducting pf of amount 936 (7800*12%)
Whereas to meet the PF celing wage requirement i am suggesting to make following structure to meet the requirement.
Basic : 12000 so that PF will be 1440 (12%*12000). Pl confirm is this correct.
The said proposal was in discussion with my PF consultant.