KAVIRAJA ADDANGADI (PROPRIETOR) 23 December 2015
It depends on Company Policy , While Calculating Basic Salary we have to consider Minimum Salary for Each Designation / Industry/Zone normally 50% of Gross considered as Basic it should not less than minimum Basic wages Prescribed by the state of Law. 40% of Basic HRA , CA-1600 Rest OA. Finally Each company have there Own Policy for calculating Basic , but they have to pay minimum Basic prescribed by Mimimum Wages Act.
N. Rajendran (Manager - Accounting) 24 December 2015
In my view for EPF Calculation share the CTC as per below.
60% Basic and 40% HRA. as per your CTC PA is 14000*12=168000
Basic salary for EPF PM 60% of 14000 is Rs. 8400 your EPF amount is 12% of 8400 Rs. 1008 PM