EPF calculation - As per the new wage code how to calculate PF and on which component?

barri

Hello, As per the new wage code how to calculate PF and on which component

Basic
HRA
Conveyance Allowance
Medical Allowance
Special Allowance

Above these components what are excluded/included.

nanu1953

As per new Social Security Code, PF contribution will be on Wages ( Basic +DA) only @10% . This will be effective after Government notification for application date.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions,

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