Dear Seniors,
Hello to everyone
Now, Wage Ceiling for PF mandatory coverage is increased from Rs.6,500/- to Rs.15,000/- per month.
Please clear one thing that :
EPF deduction will done from whole gross salary including allowances or will deduct same as on Basic/ DA?
Please provide your important suggestion.
Wishes
Sumit Nautiyal
From India, Gurgaon
5Hello to everyone
Now, Wage Ceiling for PF mandatory coverage is increased from Rs.6,500/- to Rs.15,000/- per month.
Please clear one thing that :
EPF deduction will done from whole gross salary including allowances or will deduct same as on Basic/ DA?
Please provide your important suggestion.
Wishes
Sumit Nautiyal
From India, Gurgaon
Hi, PF contribution payable on all salary component except HRA & Conveyance . for any further clarification pls reach me at 9686750717 Regards Manjunath
From India, Bangalore
From India, Bangalore
Dear Sumit,
EPF deduction is applicable on components like basic, DA, components equal to basic and DA, retaining allowance, personal pay for small family norms etc. Hence both the above postings are not exactly correct.
Abbas.P.S
From India, Bangalore
EPF deduction is applicable on components like basic, DA, components equal to basic and DA, retaining allowance, personal pay for small family norms etc. Hence both the above postings are not exactly correct.
Abbas.P.S
From India, Bangalore
The current scenario:
In Tamilnadu Trichy zone, the EPF office is advising employers to make deduction from their entire earning emoluments except HRA. If not so, the concern employers are liable for disciplinary action by EPF office.
Also, EPF Office insisting employers to implement this deduction (amendment) w.e.f.sep'14. If not, they are recovering penalty and interest for non deducted periods from the employers end.
So, the EPF deduction to be made from all emolument except HRA.
Hope it will make you some understanding.
From India, Mumbai
In Tamilnadu Trichy zone, the EPF office is advising employers to make deduction from their entire earning emoluments except HRA. If not so, the concern employers are liable for disciplinary action by EPF office.
Also, EPF Office insisting employers to implement this deduction (amendment) w.e.f.sep'14. If not, they are recovering penalty and interest for non deducted periods from the employers end.
So, the EPF deduction to be made from all emolument except HRA.
Hope it will make you some understanding.
From India, Mumbai
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