Learned Members, Please let me know the earning heads included in the calculation of PF amount. There is a Supreme Court judgment confirming that the PF amount should be calculated on Basic+DA+Conveyance Allowance+Medical Allowance, etc., except HRA. Please advise. Thanks
From India, Hyderabad
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1From India, Hyderabad
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In accordance with the Supreme Court judgment, the PF amount should indeed be calculated based on Basic, DA, Conveyance Allowance, Medical Allowance, etc., excluding HRA. This ruling aligns with the standard practice of considering these components for PF calculation. To ensure compliance and accuracy in PF calculations, it is recommended to follow this directive. If you require further clarification or assistance on this matter, feel free to seek advice from your HR department or a legal expert well-versed in labor laws.
From India, Gurugram
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From India, Gurugram
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Supreme court judgment on bifurcation of PF.pdf