Hi Everyone, Related to the topic of New-Wage Code 2019 implementation, I have got a few questions
a. With 50% being set up as the Basic for EPF compliance, Is ₹ 15000/- limit still relevant?
b. What about the EPF contribution for those employees who were having higher basic and the Employee as well as the employer was making EPF contribution on the higher basic.
These points need to be clarified.
From India, Pune
a. With 50% being set up as the Basic for EPF compliance, Is ₹ 15000/- limit still relevant?
b. What about the EPF contribution for those employees who were having higher basic and the Employee as well as the employer was making EPF contribution on the higher basic.
These points need to be clarified.
From India, Pune
Hi Mr. Ranjeet Wrt your query (a), it is being heard that Govt. , may increase the limit to 21000 or 25000 and its(limit) relevance is yet to be clarified. Regards Puran Dangwal
From India, New Delhi
11From India, New Delhi
@ Ranjeet
a. With 50% being set up as the Basic for EPF compliance, Is ₹ 15000/- limit still relevant? - Yes it is still relevant.
b. What about the EPF contribution for those employees who were having higher basic and the Employee as well as the employer was making EPF contribution on the higher basic. - their PF need to be calculated as per the new ruling only.
From India, New Delhi
a. With 50% being set up as the Basic for EPF compliance, Is ₹ 15000/- limit still relevant? - Yes it is still relevant.
b. What about the EPF contribution for those employees who were having higher basic and the Employee as well as the employer was making EPF contribution on the higher basic. - their PF need to be calculated as per the new ruling only.
From India, New Delhi
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Wage Code Bill - Summary.docx
Kannada Wage Code 2019.pdf