How Can I Lower My EPF Deduction on a Minimum Wage of Rs 9743? Seeking Advice on Salary Structure

shahbaz-khan
Is it possible to reduce the PF contribution if the minimum wage is Rs 9743 and the EPF deduction is Rs 1169 at 12%? How can the EPF deduction amount be reduced?

What is the best salary structure to save on EPF?
Madhu.T.K
If the statutory minimum wage is Rs 9743, then you can deduct and contribute 12% of it to PF. You cannot reduce the PF contributing salary to any amount less than this.

There is no best salary structure to save PF, but you can choose the ideal or optimum salary structure to reduce the tension of PF-related inspections and risks associated with it. That is, consider the salary of Rs 15000 for PF. If the statutory minimum wage is less than Rs 15000, then contribute PF based on that minimum wage.

Please consider employees as an asset and not a burden.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute