Gross salary is 60000 and basic salary is 30000 than what should be minimum wages should be counted for EPF
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Hi, There is no Minimum and Maximum Salary limit for PF deduction. If the Basic salary is Rs.30,000/- per month either you can contribute on actual basic or minimum Rs.1800/- which is 15000/- x 12%
From India, Madras
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1015From India, Madras
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Lakshminarayan said, "right."
EPF Contribution Considerations
As the wages are already above the EPF ceiling limit, don't worry about that. Also, you can consider contributing EPF on higher wages of Rs. 30,000/- or up to the ceiling of Rs. 15,000/-. If contributing above the ceiling, then you need to obtain a declaration from both the employee and the employer.
From India, Bangalore
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EPF Contribution Considerations
As the wages are already above the EPF ceiling limit, don't worry about that. Also, you can consider contributing EPF on higher wages of Rs. 30,000/- or up to the ceiling of Rs. 15,000/-. If contributing above the ceiling, then you need to obtain a declaration from both the employee and the employer.
From India, Bangalore
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Epf circular on full salary 230317 Pension on full salary as per SC order 23.3.2017.pdf
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx