Hello All,
As per my knowledge PF has been deducted on Basic wage+DA. If in case minimum wage bifurcated in two parts i.e., Basic wages + HRA e.g., Minimum wage in our state is Rs. 3000/- pm. We bifurcated into Basic wages Rs. 2000/- + HRA Rs.1000/- will it be violation of minimum wage.
Further, we deduct PF on Rs. 2000/-only. Will it violate the regulation of EPF act.
Your valuable guidlines will certainly enrich my our knowledge.
BR// GV
From India
4As per my knowledge PF has been deducted on Basic wage+DA. If in case minimum wage bifurcated in two parts i.e., Basic wages + HRA e.g., Minimum wage in our state is Rs. 3000/- pm. We bifurcated into Basic wages Rs. 2000/- + HRA Rs.1000/- will it be violation of minimum wage.
Further, we deduct PF on Rs. 2000/-only. Will it violate the regulation of EPF act.
Your valuable guidlines will certainly enrich my our knowledge.
BR// GV
From India
Thanks Mr. Malik We need citation/circular/notification or back up for our ready reference that PF deducted on minimum wage. Pls. help us out... BR//GV
From India
From India
Thanks Mr. Malik We need citation/circular/notification or back up for our ready reference that PF deducted on minimum wage. Pls. help us out... BR//GV
From India
From India
hi verma_gk, As per my knowledge pf deducted on basic & da only not on your min or max salary.
From India, New Delhi
From India, New Delhi
Dear MalikJI,
I need a small clarification
In our company we are deducting PF only on the basic & we are not including HRA or other allowances for deducting the PF. Actually our company is located is bangalore. More over in our company Basic + DA is more than minimum wages act of karnataka shops & commercial establishments act.
Please revert on my questions.
Regaards
Jeevarathnam P
From India, Bangalore
I need a small clarification
In our company we are deducting PF only on the basic & we are not including HRA or other allowances for deducting the PF. Actually our company is located is bangalore. More over in our company Basic + DA is more than minimum wages act of karnataka shops & commercial establishments act.
Please revert on my questions.
Regaards
Jeevarathnam P
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
SALARY with out PF Deduction.xls
PF deduction on leave encashment.doc