Hello, As per the new wage code how to calculate PF and on which component Basic HRA Conveyance Allowance Medical Allowance Special Allowance Above these components what are excluded/included.
From India, Hyderabad
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As per the new Social Security Code, PF contribution will be based on Wages (Basic + DA) only at a rate of 10%. This will be effective after the Government issues a notification regarding the application date.

S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions

From India, New Delhi
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