Hey, If an employee gross salary is 9000/- what will be the EPF wages and EPF deduction?
From India, Chandigarh
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1From India, Chandigarh
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EPF contribution is applicable on basic salary, rate of deduction is 12% of basic salary
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Basic salary is below the minimum wages. I want to clarify that 15000 is the basic ceiling wage, on which 12% will be deducted. My point is: if an employee's gross salary is 9000, on his basic salary - which will be 4500 - we will calculate 12% on 4500. Is it okay if the maximum range is 15000? What will be the minimum basic wage?
From India, Chandigarh
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From India, Chandigarh
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Gross Salary(1).xls