When the Govt. says basic minimum wages does that mean basic and the D.A. or is it the basic alone. Is EPF claculated on the basic alone or on the Basic and D.A. together.
From India, Coimbatore
From India, Coimbatore
Dear Sujatharanjit, Whenever Govt. says about minimum wages it means that Basic + DA and PF is calculated on Basic Salary + DA. Regards Pankaj Chandan
From India, New delhi
11From India, New delhi
Dear Awvik, It seems that you haven’t checked my edited quote. Check it again and one advice for you don’t be impatient. Keep your mind cool. Regards Pankaj Chandan
From India, New delhi
From India, New delhi
Dear All,
PF is deducted on basic salary plus DA only. PF deduction does not cover HRA/CCA/ Transport allowence/ lunch allowence/OT/ bonus and any payment of like natue including cash awards. However leave encashments attract PF deductions.
From India, Calcutta
PF is deducted on basic salary plus DA only. PF deduction does not cover HRA/CCA/ Transport allowence/ lunch allowence/OT/ bonus and any payment of like natue including cash awards. However leave encashments attract PF deductions.
From India, Calcutta
Dear Kalyan Mitra, There is no PF deduction on Leave Encashment !! Regards Pankaj Chandan
From India, New delhi
From India, New delhi
I am satisfied with pon 1965’s answer PF is on Basic + DA + Cash value for food (if any) + Retaining allownace (if any) No any other item will include in it.
From India, Gurgaon
From India, Gurgaon
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Minimum wages- Basic.pdf