Supreme Court Ruling on Special Allowances
The Supreme Court announces that all special allowances are to be included as basic wages for the calculation of PF. Can anyone tell me how to break up the salary now? What are the components of the breakup?
Employee Salary Breakdown
One of our employees has a gross salary of 72,000 (basic 38,160, HRA 14,000, Conveyance 9,996, Special Allowance 6,664, and Medical Allowance 3,180). His PF deduction is 4,579. Does it affect his breakup or not?
The second employee's gross salary is 21,330 (basic 11,000, HRA 5,000, Conveyance 3,730, and Medical Allowance 1,600). PF deduction is 1,320. Does it affect his breakup or not?
Please clarify.
From India
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The Supreme Court announces that all special allowances are to be included as basic wages for the calculation of PF. Can anyone tell me how to break up the salary now? What are the components of the breakup?
Employee Salary Breakdown
One of our employees has a gross salary of 72,000 (basic 38,160, HRA 14,000, Conveyance 9,996, Special Allowance 6,664, and Medical Allowance 3,180). His PF deduction is 4,579. Does it affect his breakup or not?
The second employee's gross salary is 21,330 (basic 11,000, HRA 5,000, Conveyance 3,730, and Medical Allowance 1,600). PF deduction is 1,320. Does it affect his breakup or not?
Please clarify.
From India
Acknowledge(0)Amend(0)
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