Hi Friends, One employee's fixed PF wages is 26,000 Pm. we have kept PF ceiling limit 15000. He was absent for 5 days.
How much should be the PF amount in this case? Should it be 1800 (i.e on 15000) or 1500 (i.e on 12500)? Please guide.
From India, Mumbai
How much should be the PF amount in this case? Should it be 1800 (i.e on 15000) or 1500 (i.e on 12500)? Please guide.
From India, Mumbai
1534
Epf wages for 26 days if fixed to 15000, then the amount that is earned as per number of days worked will be taken into consideration.
From India, Vadodara
From India, Vadodara
An appointment letter defines compensation mentioned is for the employee.The actual basic considered for all statutory reasons and compliance is what your employer mentions during contribution on the poratal.Epf will also consider the amount of basic which is shown in ecr.
For more details pls refer to meaning of wages under epf act.
Epf wages are derived based on this definition for statutory compliance.
From India, Vadodara
For more details pls refer to meaning of wages under epf act.
Epf wages are derived based on this definition for statutory compliance.
From India, Vadodara
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ESI NOTIFICATION CEILING LIMIT 10000 TO 15000 w.e.f.1-05-2010 .doc
HIKE OF EPF CEILING LIMIT.jpg