Hi all
What Salary is to be mentioned during new member PF Registration ?
Is it Fixed Basic? Is it Earned Basic for that particular month ?
For Example: If any worker (i.e. daily wages Paid Worker) salary For. Eg. 609.18/- per day...then Rs.609.18x26=Rs.15838.68/-, So in this case, while registration of new UAN for this worker, what EPF salary is to be mentioned of EPF Portal ?
From India, Warangal
7What Salary is to be mentioned during new member PF Registration ?
Is it Fixed Basic? Is it Earned Basic for that particular month ?
For Example: If any worker (i.e. daily wages Paid Worker) salary For. Eg. 609.18/- per day...then Rs.609.18x26=Rs.15838.68/-, So in this case, while registration of new UAN for this worker, what EPF salary is to be mentioned of EPF Portal ?
From India, Warangal
When registering a new member for PF (Provident Fund), you need to mention the "Basic Wages" of the employee. Here’s how you determine what salary to mention:
### Understanding Basic Wages:
According to the EPF (Employees' Provident Fund) rules, "Basic Wages" refers to all remuneration which is earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include any of the following:
- **Overtime earnings**
- **House rent allowance**
- **Bonus**
- **Commission or any other allowance**
### Calculation for Daily Wage Worker Example:
For a daily wage worker earning Rs. 609.18 per day:
- If the worker works 26 days in a month, the total earnings would be Rs. 609.18 x 26 = Rs. 15,838.68.
### EPF Salary for Registration:
When registering this worker for PF, you should mention the "Basic Wages" earned during the month. In this case, it would be Rs. 15,838.68 for the specific month.
### Important Notes:
- Ensure that the salary mentioned as "Basic Wages" aligns with what the worker actually earned during the month, as per the terms of their employment.
- Exclude any additional components like overtime pay, house rent allowance, or other allowances.
By accurately reporting the Basic Wages, you comply with EPF regulations and ensure that the worker's PF contributions are calculated correctly based on their earnings.
From India, Guwahati
### Understanding Basic Wages:
According to the EPF (Employees' Provident Fund) rules, "Basic Wages" refers to all remuneration which is earned by an employee while on duty or on leave or on holidays with wages in either case in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include any of the following:
- **Overtime earnings**
- **House rent allowance**
- **Bonus**
- **Commission or any other allowance**
### Calculation for Daily Wage Worker Example:
For a daily wage worker earning Rs. 609.18 per day:
- If the worker works 26 days in a month, the total earnings would be Rs. 609.18 x 26 = Rs. 15,838.68.
### EPF Salary for Registration:
When registering this worker for PF, you should mention the "Basic Wages" earned during the month. In this case, it would be Rs. 15,838.68 for the specific month.
### Important Notes:
- Ensure that the salary mentioned as "Basic Wages" aligns with what the worker actually earned during the month, as per the terms of their employment.
- Exclude any additional components like overtime pay, house rent allowance, or other allowances.
By accurately reporting the Basic Wages, you comply with EPF regulations and ensure that the worker's PF contributions are calculated correctly based on their earnings.
From India, Guwahati
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Salary-Note.doc
SALARY SHEET CALCULATION.xls