I am currently employed at Power Distribution Company Limited. In our organization, contract labor is sourced through private agencies, and they receive Basic Wages along with VDA. With the recent increase in the EPF limit from Rs. 6,500/- to Rs. 15,000/-, I have a query regarding the EPF calculation. Should the EPF calculation be based on Basic + VDA or solely on the basic amount?
I would greatly appreciate it if you could provide clarification on this matter.
Thank you,
Regards,
Vinay
From India, Hyderabad
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I would greatly appreciate it if you could provide clarification on this matter.
Thank you,
Regards,
Vinay
From India, Hyderabad
Acknowledge(0)Amend(0)
EPF calculation is to be done on Basic+VDA not Only on basic amount.
From India, Delhi
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From India, Delhi
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Contract Labor - PPT.ppt
Statutory Calculation(EPF ).doc
EPF PENSION CALCULATION.zip