As per the Minimum wages Basic + VDA is Rs.6000/- , At what amount pf will be deducted ?
From India, Hyderabad
From India, Hyderabad
EPF will have to be deducted on salary which includes Basic Salary and Dearness Allowance (whether fixed or variable) Therefore, in your case Pf is to be deducted from Rs 6000. Regards, Madhu.T.K
From India, Kannur
4249From India, Kannur
I agree what has been stated in the post, As PF is applicable on Basic & DA. ( in your case - rs. 6000/-).
From India, Mumbai
From India, Mumbai
Pf should be deducted on rs. 6000/- as because this is the component of basic+vda which is necessary component for epf deduction. Thanks & regards, from, sumit kumar saxena,
From India, Ghaziabad
From India, Ghaziabad
As per EPF definition the PF contribution of PF on Basic + VDA and PF Salary Limit Upto 6500/-, so you have to deduct the Pf Contribution on Rs. 6000/- (Basic + VDA), if the verification of amount Rs.6000/- into Basic, DA and other alw. like HRA, CCA e.g. Basic Rs. 4000 + VDA Rs.1000 + HRA Rs.1000/- than you have to deduct the PF contribution on Rs.5000/- not on 6000/-.
As per minimum wages act the total remuneration should not less the fixed minimum Rate.
From India, Pilani
As per minimum wages act the total remuneration should not less the fixed minimum Rate.
From India, Pilani
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Splitting of minimum wages for PF in abeyance (1).pdf
Minimum Wages, ESI & PF.pps