Dear All
PF contribution is 12% on Basic+DA.
We pay lot of allowances also e.g. HRA,Medical,Attendance ,Telephone ,conveyance etc & while doing so ,take compliance of Minimum Wages in account.
Is there any provision or law that binds an employer that the allowances can not be more than a %age of total salary?? else employer may pay maximum allowances & small Basic +DA to escape liabilities under PF,BONUS,GRATUITY Acts etc.
Regards
Suresh
PF contribution is 12% on Basic+DA.
We pay lot of allowances also e.g. HRA,Medical,Attendance ,Telephone ,conveyance etc & while doing so ,take compliance of Minimum Wages in account.
Is there any provision or law that binds an employer that the allowances can not be more than a %age of total salary?? else employer may pay maximum allowances & small Basic +DA to escape liabilities under PF,BONUS,GRATUITY Acts etc.
Regards
Suresh