Dear Seniors,
Hello to everyone.
Now, the wage ceiling for PF mandatory coverage has been increased from Rs. 6,500/- to Rs. 15,000/- per month.
Please clarify one thing: Will EPF deduction be done from the whole gross salary including allowances, or will it be deducted based on Basic/DA?
Please provide your important suggestions.
Wishes,
Sumit Nautiyal
From India, Gurgaon
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5Hello to everyone.
Now, the wage ceiling for PF mandatory coverage has been increased from Rs. 6,500/- to Rs. 15,000/- per month.
Please clarify one thing: Will EPF deduction be done from the whole gross salary including allowances, or will it be deducted based on Basic/DA?
Please provide your important suggestions.
Wishes,
Sumit Nautiyal
From India, Gurgaon
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Hi, PF contribution payable on all salary component except HRA & Conveyance . for any further clarification pls reach me at 9686750717 Regards Manjunath
From India, Bangalore
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From India, Bangalore
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Dear Sumit,
EPF deduction is applicable on components like basic, DA, components equal to basic and DA, retaining allowance, personal pay for small family norms, etc. Hence, both of the above postings are not exactly correct.
Abbas.P.S
From India, Bangalore
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EPF deduction is applicable on components like basic, DA, components equal to basic and DA, retaining allowance, personal pay for small family norms, etc. Hence, both of the above postings are not exactly correct.
Abbas.P.S
From India, Bangalore
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The current scenario:
In Tamil Nadu Trichy zone, the EPF office is advising employers to make deductions from their entire earnings, except HRA. If not done so, the concerned employers are liable for disciplinary action by the EPF office. Additionally, the EPF Office is insisting that employers implement this deduction (amendment) with effect from September '14. Failure to comply will result in penalties and interest being recovered for the periods where deductions were not made from the employer's end.
Therefore, EPF deductions should be made from all emoluments except HRA. I hope this provides you with a better understanding.
From India, Mumbai
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In Tamil Nadu Trichy zone, the EPF office is advising employers to make deductions from their entire earnings, except HRA. If not done so, the concerned employers are liable for disciplinary action by the EPF office. Additionally, the EPF Office is insisting that employers implement this deduction (amendment) with effect from September '14. Failure to comply will result in penalties and interest being recovered for the periods where deductions were not made from the employer's end.
Therefore, EPF deductions should be made from all emoluments except HRA. I hope this provides you with a better understanding.
From India, Mumbai
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