Current EPF Wages
What are the present EPF wages? Currently, we are contributing at a rate of 12% for both sites on a maximum of 15,000/-. For employees whose gross salary is greater than 15,000.00 per month, excluding HRA, the calculation is ((Gross salary - HRA) x 12%). Could you please provide guidance on any recent changes in EPF wages, if applicable?
Thanks in advance.
From India, Kolkata
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4What are the present EPF wages? Currently, we are contributing at a rate of 12% for both sites on a maximum of 15,000/-. For employees whose gross salary is greater than 15,000.00 per month, excluding HRA, the calculation is ((Gross salary - HRA) x 12%). Could you please provide guidance on any recent changes in EPF wages, if applicable?
Thanks in advance.
From India, Kolkata
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Method of calculation of wages.doc