can someone help me to understand how the PF contribution is calculated in Gujarat?
is it MANDATORY to include "min. wages" entirely - Basic + special allowance for PF contribution? or PF would be only on basic?
e.g. Basic Rs. 150 + Special Allowance Rs. 50 = Min wage Rs. 200.00
PF would be deducted on on Rs. 150 or on Rs. 200???
Thanks for your help.
Regards
Vibhavari
From India, Mumbai
1is it MANDATORY to include "min. wages" entirely - Basic + special allowance for PF contribution? or PF would be only on basic?
e.g. Basic Rs. 150 + Special Allowance Rs. 50 = Min wage Rs. 200.00
PF would be deducted on on Rs. 150 or on Rs. 200???
Thanks for your help.
Regards
Vibhavari
From India, Mumbai
Look at my blog to get more details on exact PF contribution. Searh in google 'Indian Salary Simplified' to find my blog.
From Germany, Mühlhausen
From Germany, Mühlhausen
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Employer-PF-res trict to wages of Rs 6500.pdf