In the finance budget the finance minister has proposed to increase pf ceiling from 6500 to 15000. can pf department issue notification before passing of the bill by the parliament?
From India, New Delhi
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From India, New Delhi
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We are all implementing the new wage ceiling from Rs 6,500 to Rs 15,000 with effect from September 2014. Being under the Shop Act, only the Basic plus DA (as per minimum wages) need to be considered.
Alternatively, do we want to consider the gross salary for the calculation for those whose salary is below Rs 15,000? What is the maximum HRA that can be included? Is it 20% of the basic only, or is it excluded?
I hope any of my friends can clarify which is to be considered - whether Basic + DA or the Gross salary.
Regards,
Nimesh Paul
From India, Kochi
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1Alternatively, do we want to consider the gross salary for the calculation for those whose salary is below Rs 15,000? What is the maximum HRA that can be included? Is it 20% of the basic only, or is it excluded?
I hope any of my friends can clarify which is to be considered - whether Basic + DA or the Gross salary.
Regards,
Nimesh Paul
From India, Kochi
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Increase In Wage Ceiling And Death Benefits For Dependents For Schemes Under Haryana LWF.pdf
Shop act min wage.doc