Salary Basics: Should It Be Above 15000 If EPF Is Not Opted? Seeking Guidance

Batakrushna Mishra
I wish to know whether the basic should be greater than 15000 or equal to 15000 will also do. Please help with necessary documents.

Regards,
BK
Srinath Sai Ram
Dear Batakrushna,

EPF is a social welfare legislation aimed at creating a "Retirement Fund." As an employer, you have to discharge your responsibility of covering an employee under the Act. Please do not give importance to the employee's wish. Please go through the Act for further information.
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