deduction of PF

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B.N.Bhattacharya

B.N.Bhattacharya (Querist)
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02 May 2010 Dear experts,
As per the existing minimum wages rate of Govt. of Delhi, if a new employee, a matriculate is engaged as a clerical staff, he should be paid minimum of Rs.6448/-. what would be the minimum amount of emolument for calculation of 12% as contribution towards PF?
with regards,
B.N.Bhattacharya

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 May 2010 employer can contribute on Rs.6500 or actual basic which ever is lower.If the salary is more than Rs.6500 that situation can be opt maximum Rs.6500 celing limit if the salary is less than Rs.6500 employer can contribute on actual basic

B.N.Bhattacharya

B.N.Bhattacharya (Querist)
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04 May 2010 Dear Mr. Ramesh Krishnan,
I got your reply but my question was different. to be very specific, i wanted to know whether there is any slab or ceiling to be considered as minimum amount as basic pay which can be considered for ascertaining pf contribution for an employee whose gross monthly salary is 6500 as per the existing minimum wages rules in Delhi.
is is permissible to fix basic as any amount like 500 or 1000 and rest amount be structured as DA, HRA, medical allowance, commuting allowance etc.?
pls. help me out to get clarity on the issue.
Regadrs,
B.N.Bhattacharya

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