Hi Seniors,
In Delhi, the minimum wage is 6656.00. So, how is it possible to deduct EPF because the PF ceiling is 6500.00 basic per month?
Please guide me as I was working in Haryana state, and Delhi's fundamentals are new to me.
Thanks & Regards,
Shalu
From India, Delhi
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5In Delhi, the minimum wage is 6656.00. So, how is it possible to deduct EPF because the PF ceiling is 6500.00 basic per month?
Please guide me as I was working in Haryana state, and Delhi's fundamentals are new to me.
Thanks & Regards,
Shalu
From India, Delhi
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Dear Shalu,
There are 2 options:
1. You can get the exemption from PF.
2. You can deduct 780/- from the employee's salary and contribute 780 from the employer's side. (Making 6500/- as the wage ceiling, i.e., 12% of 6500 is 780/-)
From India, Mumbai
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There are 2 options:
1. You can get the exemption from PF.
2. You can deduct 780/- from the employee's salary and contribute 780 from the employer's side. (Making 6500/- as the wage ceiling, i.e., 12% of 6500 is 780/-)
From India, Mumbai
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Sure, here is your revised text:
Ok, Sir. If we take an exemption from PF, what are the formalities of returns? I mean, what is the process or the forms for monthly returns, annual returns, etc.? Please guide me on the form numbers that we have to send to the EPFO office.
From India, Delhi
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Ok, Sir. If we take an exemption from PF, what are the formalities of returns? I mean, what is the process or the forms for monthly returns, annual returns, etc.? Please guide me on the form numbers that we have to send to the EPFO office.
From India, Delhi
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Dear Sunil,
In my assessment, this is the total gross salary, and PF is deducted only on Basic Salaries. You may fix the basic salary from 50% to 80% of the amount 6656/-, and then deduct 12% of that amount.
Regards,
Manish Bali
MSL, (Jindal Group)
From India, Delhi
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In my assessment, this is the total gross salary, and PF is deducted only on Basic Salaries. You may fix the basic salary from 50% to 80% of the amount 6656/-, and then deduct 12% of that amount.
Regards,
Manish Bali
MSL, (Jindal Group)
From India, Delhi
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BUt I have check online that minimum wage rate is 256.00 per day for Delhi region. So minimum wage is basic salary I think/
From India, Delhi
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From India, Delhi
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no minimum wage is not basic salary its totly depend upon your company policy. you can break it in different component.
From India, Calcutta
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From India, Calcutta
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Yes ...Sunil I agree with Sarveshra....you may be confused with basic and minimum wages...you must prepare salary break up as per your company policy. Manish Bali Manager - HR/IR Jindal group of Cos.
From India, Delhi
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From India, Delhi
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Dear Manish and Sarvesh,
Minimum wage is a combination of Basic pay + VDA (Rate decided based on the Cost of living index for a particular state). The basic wage can be equal to or more than the minimum wage only. Any company policy will follow the minimum wage for basic wage fixation.
From India, Mumbai
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Minimum wage is a combination of Basic pay + VDA (Rate decided based on the Cost of living index for a particular state). The basic wage can be equal to or more than the minimum wage only. Any company policy will follow the minimum wage for basic wage fixation.
From India, Mumbai
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Dear Seniors,
Please inform me about the time when the labor laws became applicable in India, whether it was the first time in India or globally. Additionally, kindly provide me with the names of all labor laws relevant to construction and operation & maintenance work.
Thanks & Regards,
JAYDEV SINGH
IR ASST.
From India, Ambala
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Please inform me about the time when the labor laws became applicable in India, whether it was the first time in India or globally. Additionally, kindly provide me with the names of all labor laws relevant to construction and operation & maintenance work.
Thanks & Regards,
JAYDEV SINGH
IR ASST.
From India, Ambala
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PF Contribution on not less than Minimum Wage.pdf