Hello everyone,
We started our PF processing in the month of April 2019. Our basic percentage is 60% of the Gross. Is it possible to change the salary structure this month to have a basic percentage of 50%?
From India, Ghazipur
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We started our PF processing in the month of April 2019. Our basic percentage is 60% of the Gross. Is it possible to change the salary structure this month to have a basic percentage of 50%?
From India, Ghazipur
Acknowledge(0)Amend(0)
So long as:
1) there is no 'minimum wages' consequences;
2) there is no reduction in overall gross salary;
3) modification of this policy is properly communicated and acceptance of all employees is obtained;
4) if it doesn't aim at reducing the contributions to EPF funds, the proposed action can be carried out.
From India, Bangalore
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11591) there is no 'minimum wages' consequences;
2) there is no reduction in overall gross salary;
3) modification of this policy is properly communicated and acceptance of all employees is obtained;
4) if it doesn't aim at reducing the contributions to EPF funds, the proposed action can be carried out.
From India, Bangalore
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Change in Salary structure & Nomenclature.do c
PF Circular - Change in Name.pdf