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EPF ABRY Scheme wages related Question

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prabhu

CMA

21 Points Posted on 14 November 2023

Please advice regarding ABRY scheme EPF wages ceiling .

> Employee getting monthly gross wages Rs.17,000/-

Basic Rs.9500/- DA Rs.5250/- HRA Rs.2,250/- Total Gross Rs.17,000/-

Which component take ABRY scheme total gross salary or Basic + DA

Note :

as per EPF Act Sec 2 (B) > Basic + DA = EPF wages .

Kindly advice

Replies (2)

Quick Summary

This discussion seeks clarification on the Employees' Provident Fund (EPF) ABRY scheme's wage ceiling. Specifically, it questions whether the 'EPF wages' for the scheme are based on total gross salary or just Basic + Dearness Allowance (DA). The user notes that EPF Act Section 2(B) defines EPF wages as Basic + DA, but believes the ABRY scheme considers total gross salary. This leads to a query about whether the scheme applies if wages exceed the £15,000 threshold.