Dear Seniors,
As per the Supreme Court judgment, what is the procedure for calculating 8.33% (Pension Amount)? If PF is deducted on Rs. 15,000/-, i.e., Rs. 1,800/-, then what is the pensionable salary for 8.33%? Is it Rs. 15,000/- or Rs. 6,500/-?
Kindly advise.
From India, Gurgaon
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As per the Supreme Court judgment, what is the procedure for calculating 8.33% (Pension Amount)? If PF is deducted on Rs. 15,000/-, i.e., Rs. 1,800/-, then what is the pensionable salary for 8.33%? Is it Rs. 15,000/- or Rs. 6,500/-?
Kindly advise.
From India, Gurgaon
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Except for HRA, Gratuity, and Bonus, all other components will be considered as Basic, such as Basic + DA, Conveyance, CCA, TPTALL, and all special allowances. We need to calculate on Basic + Special Allowances. The maximum limit is 15,000/-.
Please find the details below:
A/c No. 1: PF Contribution Account - 12.00%
A/c No. 2: PF Admin Charges Account - 0.50%
A/c No. 10: EPS Contribution Account - 8.33%
A/c No. 21: EDLIS Contribution Account - 0.50%
A/c No. 22: EDLIS Admin Charges Account -
Total Contribution: 12.00% + 13.00%
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1Please find the details below:
A/c No. 1: PF Contribution Account - 12.00%
A/c No. 2: PF Admin Charges Account - 0.50%
A/c No. 10: EPS Contribution Account - 8.33%
A/c No. 21: EDLIS Contribution Account - 0.50%
A/c No. 22: EDLIS Admin Charges Account -
Total Contribution: 12.00% + 13.00%
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MinimuAm wages pf judgement PFC, Gurgaon VS G4S Security Services Supreme Court 17-Aug-2023.pdf
Judgement by supreme court.zip