No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


jayendra varma
22

Hello Everyone,
I am Jay, As per the recent supreme court judgement we are restructuring the salary structure.
As per the judgement PF will attract on all components other than HRA, VDA, Over time, Production or Incentive Bonus, Leave Encashment, Statutory Bonus.
Now my query is:
1) LTA will attract PF or Not??
2) Example: If Employee A is getting the gross salary of 50,000/-,
3) If I continue the present basic i.e) Rs.20,000/- and remaining salary can I keep it in HRA – Is there any problem as per PF Ac t??, If any one is having any document pertaining to Percentage of Basic & other allowance As Per Act – Please share.
.Components Existing Revised from April
Basic 20,000 20,000
HRA 10,000 30,000
Conveyance 1,600
CCA 13,900
LTA 2,000
Medical 2,000
Education 500
Grand Total 50,000/- 50,000/
4) Example 2:
Employee whose salary is less say 20,000/-
.Components Existing Revised from April
Basic 10,000 15,000
HRA 3,600 5,000
Conveyance 1,600
Other Allowances 4,300
LTA
Medical
Education 500
Grand Total 20,000/- 20,000/
In this example, I will put the minimum wage as basic and remaining as HRA??? (if minimum wage is less than basic I will not change)
Kindly suggest your valuable suggestions on the above and correct me if any of my understanding of the act.
With Best Regards,
Jay

From India, Hyderabad
Attached Files (Download Requires Membership)
File Type: pdf PDF - Query.pdf (420.8 KB, 85 views)

Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.