Hi Sir, could someone please clarify why some companies deduct EPF from basic salary + DA, while others deduct it from all salary components excluding HRA? My question is regarding the correct process as per the government gazette notification.
Regards, P. Loganathan - HR
From India, Chennai
Acknowledge(0)
Amend(0)
Regards, P. Loganathan - HR
From India, Chennai
Acknowledge(0)Amend(0)
Hi, If Basic + DA is equal to or above the PF wage ceiling of Rs. 15,000/-, then there is no need to consider other components of Gross, excluding HRA, for PF deduction. Therefore, for such cases, only Basic + DA is considered for PF deduction.
Additionally, employees and employers, with mutual consent, can contribute to PF based on the actual Basic + DA, even if the total exceeds Rs. 15,000/-.
From India, Madras
Acknowledge(0)Amend(0)
1015Additionally, employees and employers, with mutual consent, can contribute to PF based on the actual Basic + DA, even if the total exceeds Rs. 15,000/-.
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary Break up - After deduction.xls
Epf circular on full salary 230317 Pension on full salary as per SC order 23.3.2017.pdf
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx