When the Govt. says basic minimum wages does that mean basic and the D.A. or is it the basic alone. Is EPF claculated on the basic alone or on the Basic and D.A. together.
From India, Coimbatore
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From India, Coimbatore
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Dear Sujatharanjit, Whenever Govt. says about minimum wages it means that Basic + DA and PF is calculated on Basic Salary + DA. Regards Pankaj Chandan
From India, New delhi
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13From India, New delhi
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Dear Mr. Pankaj,
Please do not contradict your own statement in two different threads. Kindly review your response in the thread "I need urgent help...". It is either PF on basic or Basic + DA. Could you please provide clarification?
Regards
From India, New Delhi
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Please do not contradict your own statement in two different threads. Kindly review your response in the thread "I need urgent help...". It is either PF on basic or Basic + DA. Could you please provide clarification?
Regards
From India, New Delhi
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Dear Awvik, It seems that you haven’t checked my edited quote. Check it again and one advice for you don’t be impatient. Keep your mind cool. Regards Pankaj Chandan
From India, New delhi
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From India, New delhi
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Dear All,
PF is deducted on basic salary plus DA only. PF deduction does not cover HRA/CCA/Transport allowance/lunch allowance/OT/bonus and any payment of like nature including cash awards. However, leave encashments attract PF deductions.
From India, Calcutta
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PF is deducted on basic salary plus DA only. PF deduction does not cover HRA/CCA/Transport allowance/lunch allowance/OT/bonus and any payment of like nature including cash awards. However, leave encashments attract PF deductions.
From India, Calcutta
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Dear Kalyan Mitra, There is no PF deduction on Leave Encashment !! Regards Pankaj Chandan
From India, New delhi
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From India, New delhi
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its true there is no PF deduction on Leave Encashment - supremecourt had passed a judgement in this regard.
From India, Bangalore
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From India, Bangalore
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I am satisfied with pon 1965’s answer PF is on Basic + DA + Cash value for food (if any) + Retaining allownace (if any) No any other item will include in it.
From India, Gurgaon
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From India, Gurgaon
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Dear All, There is no written gudelines or notification wrt Minimum wages act, which says that min wage is the basic + DA. regards Saurabh
From India, Mumbai
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From India, Mumbai
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Sunita, Ofcourse, arrears of basic and DA components to be included for PF calculation. No confusion on this.
From India, Lucknow
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From India, Lucknow
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Dear Sir/Madam,
My basic salary is $4300, DA $2300, and LTA $5400 per annum. The daily allowance is $95 per day, but it is conditional. This depends on the completion of the daily target, which we normally achieve. The daily allowance is calculated for 22 days a month.
Please also reply by email at [myphoenix4u@yahoo.co.in](mailto:myphoenix4u@yahoo.co.in).
Could you please let me know what my PF would be for any given month and the current rate of PF deductions?
Best regards,
Megh S
From India, Varanasi
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My basic salary is $4300, DA $2300, and LTA $5400 per annum. The daily allowance is $95 per day, but it is conditional. This depends on the completion of the daily target, which we normally achieve. The daily allowance is calculated for 22 days a month.
Please also reply by email at [myphoenix4u@yahoo.co.in](mailto:myphoenix4u@yahoo.co.in).
Could you please let me know what my PF would be for any given month and the current rate of PF deductions?
Best regards,
Megh S
From India, Varanasi
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Dear All,
It is clear that the Minimum Wage means Basic + DA + Cash value for food (if any) + Retaining allowance (if any). PF is to be deducted on Basic + DA. There is no PF Deduction on Leave Encashment as per a recent judgment. There has been a lot of discussion on the same issue on Citelegal.com, and many HR professionals have posted comments.
M Srinivas
Asst Manager - HR
Hyderabad Waste Management Project
Ramky Group of Companies
Hyderabad
98660 05600
srisu2412@rediffmail.com
From India, Hyderabad
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It is clear that the Minimum Wage means Basic + DA + Cash value for food (if any) + Retaining allowance (if any). PF is to be deducted on Basic + DA. There is no PF Deduction on Leave Encashment as per a recent judgment. There has been a lot of discussion on the same issue on Citelegal.com, and many HR professionals have posted comments.
M Srinivas
Asst Manager - HR
Hyderabad Waste Management Project
Ramky Group of Companies
Hyderabad
98660 05600
srisu2412@rediffmail.com
From India, Hyderabad
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Dear All, perhaps you are not aware that PF deduction on leave encashment was compulsory till two years back now it has been optional.
From India, Calcutta
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From India, Calcutta
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Salary means only the salary you are getting. However, when you get D.A with the salary, then both of them are included in the salary. Similarly, for the calculation of PF, salary is taken. But when you get both salary and D.A, then both are considered for the purpose of PF calculation. Have you understood?
From India, Varanasi
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From India, Varanasi
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Request for Supreme Court or High Court Judgment on EPF Basic Wages
Please provide any judgment of the Supreme Court or High Court on the subject "EPF Basic Wages shall not be less than the minimum wages inclusive of Basic + DA = Minimum Wages."
Regards,
Piyush Jain
[Email Removed For Privacy Reasons]
From India, Bhopal
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Please provide any judgment of the Supreme Court or High Court on the subject "EPF Basic Wages shall not be less than the minimum wages inclusive of Basic + DA = Minimum Wages."
Regards,
Piyush Jain
[Email Removed For Privacy Reasons]
From India, Bhopal
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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
Minimum Wages, ESI & PF.pps