Pf deduction on gross salary or basic salary
This query is : Resolved
Nikhil Shah
(Querist)
24 May 2016
Gross Salary with all the allowances with naming Ex-gratia (regualr monthly payment) is Rs.22000/- and its bifurcated as Basic Salary is Rs.8000/-, Ex-gratia Rs.8000/- and other allowances. So, PF to be deducted or not? if yes, on which amount? i.e. 22000/- or 12000/- or minimum wages amount? Also, on ex-gratia PF is applicable or not when it is paid on regualr monthly payment?
Rupesh Jain
(Expert)
24 May 2016
pf on basic salary rs. 8000/- in your case
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