Is it reasonable to deduct pf only on basic 60% hra 30% & convayance allownace ie 2360,1180,&394 =3934 (minimum wages feb 2009) PLEASE CLEARIFY
From India, New Delhi
From India, New Delhi
Dear Samvedan,
I am very impressed with your logical statement but few things needs to be clarified.....
Whereas it is very much clear in Minimum wages act that minimum wages includes House Rent, at the same time it is also right that in PF act for computation of PF house rent is not considered.
Having said that it is very much true and surprising that the PF department is still enforcing to deduct and contribute PF on Minimum wages + DA in void of a clear cut verdict on this issue. Please go through the below websites which are official websites of concerned department and try to study it and give us your focused opinion on legal stands.
EPFO <link updated to site home>
EPFO <link updated to site home>
Wage Cell Ministry of Labour & Employment <link updated to site home> ( Search On Cite | Search On Google )
http://labour.nic.in <link updated to site home>
Hey also check this below mentioned site link what they are saying here.
http://www.epfochennai.tn.nic.in/pdf/wages.pdf
Waiting for your reply.
Vijay
From India, Coimbatore
I am very impressed with your logical statement but few things needs to be clarified.....
Whereas it is very much clear in Minimum wages act that minimum wages includes House Rent, at the same time it is also right that in PF act for computation of PF house rent is not considered.
Having said that it is very much true and surprising that the PF department is still enforcing to deduct and contribute PF on Minimum wages + DA in void of a clear cut verdict on this issue. Please go through the below websites which are official websites of concerned department and try to study it and give us your focused opinion on legal stands.
EPFO <link updated to site home>
EPFO <link updated to site home>
Wage Cell Ministry of Labour & Employment <link updated to site home> ( Search On Cite | Search On Google )
http://labour.nic.in <link updated to site home>
Hey also check this below mentioned site link what they are saying here.
http://www.epfochennai.tn.nic.in/pdf/wages.pdf
Waiting for your reply.
Vijay
From India, Coimbatore
Dear Seniors,
My current company salary structure components are :
Regards
Amitava
From India, Calcutta
5My current company salary structure components are :
- Basic
- HRA
- Washing Allowance
- Medical Allowance / Medical Reimbursement.
- In this format, can the Gross Salary be treated as Minimum Wages which is much higher than the statutory minimum wages?
- Does introduction of Special Allowance / DA in the structure legalises our point that SMA=Gross Salary?
Regards
Amitava
From India, Calcutta
Hi,
As per PF authorities, PF coverage include the BASIC+DA+Allowance.
(Ensure that Provident Fund is deducted at statutory rate from the total wages i.e. basic, D.A. and retaining allowance if any.). So please check and do as per the instructions.
Regards
A.Satheesh
From India, Madras
As per PF authorities, PF coverage include the BASIC+DA+Allowance.
(Ensure that Provident Fund is deducted at statutory rate from the total wages i.e. basic, D.A. and retaining allowance if any.). So please check and do as per the instructions.
Regards
A.Satheesh
From India, Madras
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