Dear All,
I have been receiving numerous queries from HR friends regarding the definition of basic wage and its impacts. I have prepared a brief note on PF Basic Wage as per the recent SC Judgment. I hope that it proves to be useful for everyone. Thank you, and have a good day!
Please do not hesitate to contact me for any clarifications regarding compliance at compliance@bayballshr.com.
Warm Regards,
BayballsHR Services Private Limited - Chennai
Web: https://www.bayballshr.com
From India, Chennai
Acknowledge(0)
Amend(0)
25I have been receiving numerous queries from HR friends regarding the definition of basic wage and its impacts. I have prepared a brief note on PF Basic Wage as per the recent SC Judgment. I hope that it proves to be useful for everyone. Thank you, and have a good day!
Please do not hesitate to contact me for any clarifications regarding compliance at compliance@bayballshr.com.
Warm Regards,
BayballsHR Services Private Limited - Chennai
Web: https://www.bayballshr.com
From India, Chennai
Acknowledge(0)Amend(0)
Dear Sir/Madam, Thanks for your explanation. Can you please discuss the rationale behind considering the HRA as 30% of total wages. Is there any law / provision regarding this ?
From India, Calcutta
Acknowledge(0)Amend(0)
From India, Calcutta
Acknowledge(0)Amend(0)
Dear Sir/Madam,
Thank you for explaining the included and excluded allowances. Could you please clarify if our employer is contributing to the PF on the entire basic salary, whether it is 15000/- or more? For employees with a basic salary exceeding 55000/-, our employer contributes to the PF based on the actual basic salary.
In the scenario mentioned above, should we only cover employees with a basic salary below 15000/-, or should we consider all included allowances for PF calculation for all employees?
Thank you & Regards,
Shailza
From India, Bathinda
Acknowledge(0)Amend(0)
Thank you for explaining the included and excluded allowances. Could you please clarify if our employer is contributing to the PF on the entire basic salary, whether it is 15000/- or more? For employees with a basic salary exceeding 55000/-, our employer contributes to the PF based on the actual basic salary.
In the scenario mentioned above, should we only cover employees with a basic salary below 15000/-, or should we consider all included allowances for PF calculation for all employees?
Thank you & Regards,
Shailza
From India, Bathinda
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.