Dear Team, Is the Salary breakup okay to submit to EPF authorities?
Basic 9000
Food allowance 3000(varies from one person to another from 1000 to 3000 per month)
Uniform 1000(one who has completed 30days of working)
HRA 3600
Other allowance 1400
Gross salary 18000.
We have contributed to EPF taking into consideration of only basic and food allowance. As uniform and HRA are exempted we have not taken into consideration. Is there any limit in uniform allowance (like HRA is limited to 40 percent) on basic. Kindly confirm the above bifurcation whether it is correct.
From India, Bengaluru
Basic 9000
Food allowance 3000(varies from one person to another from 1000 to 3000 per month)
Uniform 1000(one who has completed 30days of working)
HRA 3600
Other allowance 1400
Gross salary 18000.
We have contributed to EPF taking into consideration of only basic and food allowance. As uniform and HRA are exempted we have not taken into consideration. Is there any limit in uniform allowance (like HRA is limited to 40 percent) on basic. Kindly confirm the above bifurcation whether it is correct.
From India, Bengaluru
If the statutory minimum wages fixed by the government is equal to your basic (9000) and Food allowance, then it is okay with respect to PF as well as for future payments like Bonus, Layoff compensation, Gratuity etc. If the above components do not make the statutory minimum wages, then you can include 'Other allowance' also. Obviously, if it is payable to all the employees, then that should also be included in the salary for PF contribution to avoid disputes.
From India, Kannur
4239From India, Kannur
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EPF ON LINE REGN. USER MANUAL.pdf