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how much the minimum basic salary to calculate p.f.
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Answer / h.r. sreepada bhagi
Minimum salary is governed by the 'Payment of Minimum Wages
Act' in India. For the purpose of contribution to 'Employees
Provident Fund, Basic Salary+DA is considered, It needs to
be calculated on actual Basic+DA, if it's less than Rs.
6500/- per month and on Rs. 6500/- if it's more than that
amount. However, an employer & employee can contribute on
the actual amount of Basic+DA, if it's higher than
Rs.6500/-, PF Contribution on Rs. 6500/- comes to Rs.780/-
(i.e. 12%.
For detailed information, refer 'Employees' Provident Fund &
Miscellaneous Act' or consult a labour law expert or contact
the EPF office.
| Is This Answer Correct ? | 57 Yes | 2 No |
Answer / vadivelan m
Minimum salary for calculation P.F.should be based on
Minimum wages act basis. there is some categorized based on
the designation of employees.
| Is This Answer Correct ? | 45 Yes | 21 No |
Answer / minimum salary is governed by
Minimum salary is governed by the 'Payment of Minimum Wages
Act' in India. For the purpose of contribution to 'Employees
Provident Fund, Basic Salary+DA is considered, It needs to
be calculated on actual Basic+DA, if it's less than Rs.
6500/- per month and on Rs. 6500/- if it's more than that
amount. However, an employer & employee can contribute on
the actual amount of Basic+DA, if it's higher than
Rs.6500/-, PF Contribution on Rs. 6500/- comes to Rs.780/-
(i.e. 12%.
For detailed information, refer 'Employees' Provident Fund &
Miscellaneous Act' or consult a labour law expert or contact
the EPF office.
| Is This Answer Correct ? | 26 Yes | 6 No |
Answer / ganesh
6500 basic salary including DA.pf 12% deduction from
employee side and 12% contribution by employer side.
| Is This Answer Correct ? | 22 Yes | 4 No |
Answer / chetna
2500/-up to 6500/-. basic gross salary required is 4502
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / javed alam
No body do not know,what is law,what law says....
| Is This Answer Correct ? | 13 Yes | 10 No |
Answer / dinesh singh budwal
it depend upon the state minimum wages rule,
| Is This Answer Correct ? | 11 Yes | 8 No |
Answer / banoj kumar swain
Minimum salary for calculation P.F.should be based on
Minimum wages act basis.
| Is This Answer Correct ? | 8 Yes | 9 No |
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