PRovident Fund
This query is : Open
20 October 2010
Can someone tell me what basic salary we have to pay to workers on role for eg if an employee having gross salry of 3500/- can we keep basic as Rs 1000/- and other allownace and convey 2500/- and deduct PF on only Rs 1000/- pls advise
20 October 2010
As per the minimum wages act Rs .1000 is below the minimum daily wages (minimum daily wages *26)fixed for the worker , so this practice will be void in the views of minimum wages act ,
actually i 'm not mentioning minimum wages coz you have not mentioned the name of state in witch your organization is situated , please mentioned the name of state coz minimum wages is varies from sate to state than only i will be able to give correct advice
thanks
As per the minimum wages act Rs .1000 is below the minimum daily wages (minimum daily wages *26)fixed for the worker , so this practice will be void in the views of minimum wages act ,
actually i 'm not mentioning minimum wages coz you have not mentioned the name of state in witch your organization is situated , please mentioned the name of state coz minimum wages is varies from sate to state than only i will be able to give correct advice
thanks
20 October 2010
State is Gujarat where minimum wage is revised to 162.4 pls suggest a worker having gross salary of Rs 4500/- and we keep basic salary say Rs 1500/- and balance 3000/- (in HRA and other allowance) and deduct PF on Rs 1500/- will there be any violoation pls advice
20 October 2010
No, You cannot deduct PF on Rs. 1500.00.
PF base amount should be atleast equal to minimum wages.i.e. 162.40X 26 days.
PF base amount should be atleast equal to minimum wages.i.e. 162.40X 26 days.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Dep. as per companies act
- CHECK RELATED
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
