About EPFO Basic
This query is : Resolved
19 April 2022
What is included in PF basic salary
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1 times
06 July 2024
In the context of Provident Fund (PF), "basic salary" refers to the core component of an employee's salary that is considered for calculating PF contributions. It typically includes:
1. **Basic Pay**: This is the fixed component of an employee's salary that is agreed upon in their employment contract. It does not usually include other allowances or overtime pay.
2. **Dearness Allowance (DA)**: Some organizations include DA as part of basic salary for PF calculation purposes, especially if DA is fixed and forms a regular part of the employee's compensation.
3. **Retaining Allowance**: If any retaining allowance is paid by the employer to employees to encourage them to not to leave the organisation
1. **Basic Pay**: This is the fixed component of an employee's salary that is agreed upon in their employment contract. It does not usually include other allowances or overtime pay.
2. **Dearness Allowance (DA)**: Some organizations include DA as part of basic salary for PF calculation purposes, especially if DA is fixed and forms a regular part of the employee's compensation.
3. **Retaining Allowance**: If any retaining allowance is paid by the employer to employees to encourage them to not to leave the organisation
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