About updated pf rule
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2014
Hi
I would like to update that as the PF ceiling has changed I want to change the break ups ( By including a variable pay but while calculating basic we will subs-tract variable from gross so that basic will come less i.e Monthly gross 30K , Variable 5K and Remaining 25K, we will calculate 40% for Basic ), Can we do that so that it will not impact much on employees take home . Please suggest me . Thanks
I would like to update that as the PF ceiling has changed I want to change the break ups ( By including a variable pay but while calculating basic we will subs-tract variable from gross so that basic will come less i.e Monthly gross 30K , Variable 5K and Remaining 25K, we will calculate 40% for Basic ), Can we do that so that it will not impact much on employees take home . Please suggest me . Thanks
23 September 2014
Hi
Yes you can do that, there is no law for maintaining ratio between Gross to Basic.
You need to ensure only that:
By changing breakup Basic & DA remains same or it gets increased.
Thanks!!
Yes you can do that, there is no law for maintaining ratio between Gross to Basic.
You need to ensure only that:
By changing breakup Basic & DA remains same or it gets increased.
Thanks!!
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