Dear all,
As per the act, Employer contribution on PF has to be calculated on Minimum Wage ceiling. Minimum wage ceiling has been increased from Rs.6500 to Rs.15000. As per the Supreme court judgement, PF to be contributed on basic wages including the variable allowance.
Say for Eg, Employee Basic salary + Allowance is Rs. 5000(Whether PF to be contributed on Rs.5000 or Rs.6,500)
Employee Basic salary + Allowance is Rs. 12,000(Whether PF to be contributed on Rs.12,000 or Rs.15,000)
If u have any notification with reference to this kindly forward the same
Thanks in advance.
Regards,
P Priyamvatha
From India, Chennai
1As per the act, Employer contribution on PF has to be calculated on Minimum Wage ceiling. Minimum wage ceiling has been increased from Rs.6500 to Rs.15000. As per the Supreme court judgement, PF to be contributed on basic wages including the variable allowance.
Say for Eg, Employee Basic salary + Allowance is Rs. 5000(Whether PF to be contributed on Rs.5000 or Rs.6,500)
Employee Basic salary + Allowance is Rs. 12,000(Whether PF to be contributed on Rs.12,000 or Rs.15,000)
If u have any notification with reference to this kindly forward the same
Thanks in advance.
Regards,
P Priyamvatha
From India, Chennai
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Employer-PF-res trict to wages of Rs 6500.pdf