All,
I would like to clarify if there is any act or guideline to state how the salary split up components should be for Manufacturing SME Industry Tamil Nadu.
My primary query here is PF deducted should be considered for what salary componenet ; is it only Basic or any other heads also?
Thanks
Nitya
From India, Bangalore
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I would like to clarify if there is any act or guideline to state how the salary split up components should be for Manufacturing SME Industry Tamil Nadu.
My primary query here is PF deducted should be considered for what salary componenet ; is it only Basic or any other heads also?
Thanks
Nitya
From India, Bangalore
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Dear Nitya, Wages for calculation of PF = 12% of Basic+DA+RA(Retention allowance) to the maximum of Rs.6500/-
From India, Mumbai
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25From India, Mumbai
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Gentlemen,
Components for PF contribution: Basic, DA, all other allowances including monthly incentive except HRA, OT, Bonus, and Allowances of Washing, Food, and TA, subject to the ceiling of Rs. 6500. This is what is informed by the PF Office. Even though the Act stipulates that the contribution is on Basic + DA + Retaining Allowance, PF Officials insist on the above-mentioned components in order to bring the wages up to Rs. 6500.
Usuf Chennai
16 May 2013
From India, Madras
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Components for PF contribution: Basic, DA, all other allowances including monthly incentive except HRA, OT, Bonus, and Allowances of Washing, Food, and TA, subject to the ceiling of Rs. 6500. This is what is informed by the PF Office. Even though the Act stipulates that the contribution is on Basic + DA + Retaining Allowance, PF Officials insist on the above-mentioned components in order to bring the wages up to Rs. 6500.
Usuf Chennai
16 May 2013
From India, Madras
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