Basic wages for pf contributions
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2011
Dear Friend's
Can you please advice for below question
"What is ‘Basic Wages’ for the purpose of PF contributions?".
please ref.
As per Section 2(b) of PF act 1952 there is amendment has made.
There is some ambiguity that basic wages should include only Basic + DA or all emolument provided by the Employers.
Regards,
Omprakash
Can you please advice for below question
"What is ‘Basic Wages’ for the purpose of PF contributions?".
please ref.
As per Section 2(b) of PF act 1952 there is amendment has made.
There is some ambiguity that basic wages should include only Basic + DA or all emolument provided by the Employers.
Regards,
Omprakash
Kumar Babu.G
(Expert)
25 August 2011
For calculation of PF employer has to consider only Basic not all emoluments.If DA is applicable,we have add it to basic and on the resultant amount we have to calculate basic.
CMA Ramesh Krishnan
(Expert)
25 August 2011
yes. PF need to be calculate Basic plus DA
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