Understanding Minimum Wages and PF Contribution
In short, this notification states that you shouldn't split Minimum Wages (Basic + DA) when calculating PF contributions. Basic wages or PF applicable wages must equal or exceed the minimum wages (Basic + DA).
Regards,
Parisa
From India, Pune
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1In short, this notification states that you shouldn't split Minimum Wages (Basic + DA) when calculating PF contributions. Basic wages or PF applicable wages must equal or exceed the minimum wages (Basic + DA).
Regards,
Parisa
From India, Pune
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Dear Parisa It indicates that Basic+DA for PF department should not be lesser than Minimum Wages pertaining to that region. If Basic+DA is above Minimum Wages then there is no problem. Regards
From India, Bangalore
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From India, Bangalore
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Yeah you are rite. Once again it depends upon management. Even if Basic+DA is above 6500 if MGMT agrees then contribution shall be on full basic
From India, Bangalore
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From India, Bangalore
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Hey , Do U agree that in HR field every concept depends on management ? What is ur opinion ?
From India, Pune
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From India, Pune
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There is no definition in the PF Act, and as per the notification, the definition used for basic wages refers to the Oxford Dictionary. Therefore, it does not apply and can be challenged. Jeevarathnam, brother, HRD is not for this; rather, they are for policy-making with regard to management and labor. So, think higher.
From India, Phagwara
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From India, Phagwara
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finally it has been challenged. the split of minimum wages with respect to EPF
From India, Phagwara
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From India, Phagwara
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Please find in context to the same ,the decision from High Court of Punjab and Haryana at Chandigarh
From India, Jaipur
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From India, Jaipur
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Good to find the minimum wages split details. The copy can be used for contractors to inform them not to split the minimum wages to reduce the contributions from the employer's side. Since the recent judgment (Punjab & Haryana Judgment), the split has been kept in abeyance. Therefore, until the clearance of the judgment, we can use/apply the aforementioned judgment sent by you.
Thank you very much.
Regards,
P. K. Prasad
From India
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Thank you very much.
Regards,
P. K. Prasad
From India
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf