In short, this notification says that don't split Minimum Wages (Basic + DA) while calculating PF contribution. Basic wages or PF applicable wages. It means minimum PF applicable wages must equal to minimum wages (Basic + DA) or can be more than minimum wages.
Regards,
Parisa
From India, Pune
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1Regards,
Parisa
From India, Pune
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Dear Parisa It indicates that Basic+DA for PF department should not be lesser than Minimum Wages pertaining to that region. If Basic+DA is above Minimum Wages then there is no problem. Regards
From India, Bangalore
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From India, Bangalore
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Yeah you are rite. Once again it depends upon management. Even if Basic+DA is above 6500 if MGMT agrees then contribution shall be on full basic
From India, Bangalore
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From India, Bangalore
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Hey , Do U agree that in HR field every concept depends on management ? What is ur opinion ?
From India, Pune
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From India, Pune
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Hi Parisa,
Of course! That's exactly right. Once again, there are bright chances that even HR will play a major role in making those policies. In small organizations, directors will make policies. In larger organizations, while making policies, even HR will be part of the same.
From India, Bangalore
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Of course! That's exactly right. Once again, there are bright chances that even HR will play a major role in making those policies. In small organizations, directors will make policies. In larger organizations, while making policies, even HR will be part of the same.
From India, Bangalore
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Hi, there is no definition in PF Act, and as in the notification, the definition used for basic wages is with regard to the Oxford Dictionary. So, it does not apply and can be challenged.
Jeevarathnam brother HRD is not for this; rather, they are for policy-making with regard to management and labor. So, think higher.
From India, Phagwara
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Jeevarathnam brother HRD is not for this; rather, they are for policy-making with regard to management and labor. So, think higher.
From India, Phagwara
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finally it has been challenged. the split of minimum wages with respect to EPF
From India, Phagwara
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From India, Phagwara
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Please find in context to the same ,the decision from High Court of Punjab and Haryana at Chandigarh
From India, Jaipur
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From India, Jaipur
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Dear Mr. Parisa,
Good to find the minimum wages split details. The copy can be used for contractors to inform them not to split the minimum wages to reduce the contributions from the employer's side. Since the recent judgment (Punjab & Haryana Judgment), the split has been kept in abeyance. Therefore, until the clearance of the judgment, we can use/apply the aforementioned judgment sent by you.
Thank you very much.
Regards,
P. K. Prasad
From India
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Good to find the minimum wages split details. The copy can be used for contractors to inform them not to split the minimum wages to reduce the contributions from the employer's side. Since the recent judgment (Punjab & Haryana Judgment), the split has been kept in abeyance. Therefore, until the clearance of the judgment, we can use/apply the aforementioned judgment sent by you.
Thank you very much.
Regards,
P. K. Prasad
From India
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Splitting of Minimum Wages for the purpose of PF contribution not permissible.doc x
EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf