Dear BJ,
I have to add one more thing. In provision 6 it is clearly stated that contribution is on "the basic wages, dearness allowance and retaining allowance, if any". The attached file with your posting is not regarding contribution, but basic wages. It is a fact that DA is not included in basic wages as stated in the above attachment. Because they are different components.But for contribution to EPF both basic wages and DA will be taken into account.
Abbas.P.S
From India, Bangalore
517I have to add one more thing. In provision 6 it is clearly stated that contribution is on "the basic wages, dearness allowance and retaining allowance, if any". The attached file with your posting is not regarding contribution, but basic wages. It is a fact that DA is not included in basic wages as stated in the above attachment. Because they are different components.But for contribution to EPF both basic wages and DA will be taken into account.
Abbas.P.S
From India, Bangalore
Dear All,
I had a query regarding the PF.
If employee salary exceeds Rs. 15000/- and opts for voluntarily contribution then whether PF needs to be deducted as well as contributed upto Rs. 15000/- only or on the whole amount.
Regards,
BJ
From India, Kolkata
I had a query regarding the PF.
If employee salary exceeds Rs. 15000/- and opts for voluntarily contribution then whether PF needs to be deducted as well as contributed upto Rs. 15000/- only or on the whole amount.
Regards,
BJ
From India, Kolkata
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