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how much the minimum basic salary to calculate p.f.
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Answer Posted / 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.
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