PF Calculation for Daily Wage Workers
For daily wage workers (e.g., $225 per day salary), what is the basis for PF calculation? On what basis should I calculate PF? Attached is a sheet. Could you please provide your suggestions on PF calculation?
Thank you.
Regards
From India, Surat
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3For daily wage workers (e.g., $225 per day salary), what is the basis for PF calculation? On what basis should I calculate PF? Attached is a sheet. Could you please provide your suggestions on PF calculation?
Thank you.
Regards
From India, Surat
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As you mentioned, the daily wage rate is Rs. 225/- per day. You have not mentioned your location and industry to know the minimum wages of the industry. As per my knowledge, now everywhere in India, minimum wages are above the rate that you are paying. Hence, all the wages will be considered as Basic, and you are liable to pay Provident Fund on the full earned wages.
Regards,
Kishor Joshi
From India, Pune
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Regards,
Kishor Joshi
From India, Pune
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