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EPF calculation - As per the new wage code how to calculate PF and on which component?


barri
Hello, As per the new wage code how to calculate PF and on which component Basic HRA Conveyance Allowance Medical Allowance Special Allowance Above these components what are excluded/included.
From India, Hyderabad
nanu1953
334
As per new Social Security Code, PF contribution will be on Wages ( Basic +DA) only @10% . This will be effective after Government notification for application date.


S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions,
From India, New Delhi
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India, Hyderabad
10 May 2021 05.02.34 PM
Views: 817 Replies: 1 Appreciations: 0

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