Hi All, Has the Honorable Supreme Court issued any Amendment for Provident Fund calculation? Previous calculation is Basic+DA*12%. But now as per the amendment we have to calculate Basic+DA+RIC/HRA+Attendence Bonus+OT*12%.
Please describe can we include HRA (House Rent Allowance) in this?
From India, Bengaluru
2Please describe can we include HRA (House Rent Allowance) in this?
From India, Bengaluru
Hi
As per the PF Amendment if Basic salary is less than 15000/- then for the benefit of the member as per PF judgement PF has to be calculated on gross salary minus HRA amount out of which a maximum of 15000/- to be considered. So where the Basic salary is less than 15000/- needs to be enhanced to above 15000/- If the basic is above 15000/-then gross minus hra is not required to follow
From India, Madras
As per the PF Amendment if Basic salary is less than 15000/- then for the benefit of the member as per PF judgement PF has to be calculated on gross salary minus HRA amount out of which a maximum of 15000/- to be considered. So where the Basic salary is less than 15000/- needs to be enhanced to above 15000/- If the basic is above 15000/-then gross minus hra is not required to follow
From India, Madras
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