Supreme court is yet to give the decision Pf dept has issued a circular putting the matter on hold till the court completes it hearing.
From India, Mumbai
2396From India, Mumbai
Dear All, Please send me the updated minimum wages rate of West Bengal for all the category. Regards, sukanta.
From India, Calcutta
From India, Calcutta
Sukanta,
there is no minimum basic for EPF deduction but now days the EPFO is pressuring the establishment under EPF to deducted PF at minimum wages but in the judgement of the Punjab & Haryana High Court the Bench ruled that minimum wages in "Minimum wages Act" never been defined as basic wages for the "EPF act".
So you can deduct on any amount as you want, but please remember that in salary split PF must be deducted on basic + da (it can be 40% or 60% of the gross salary)
For minimum wages update check out Minimum Wages in West Bengal
EC = Enrollment Certificate RC = Registration Certificate
rahulplatys ESI is applicable on IT organisation such as you stated, but keep in mind that applicability is only on production i.e. some output must be there for ESI to cover the establishment.
Stay Cool
Atom
From India, Phagwara
there is no minimum basic for EPF deduction but now days the EPFO is pressuring the establishment under EPF to deducted PF at minimum wages but in the judgement of the Punjab & Haryana High Court the Bench ruled that minimum wages in "Minimum wages Act" never been defined as basic wages for the "EPF act".
So you can deduct on any amount as you want, but please remember that in salary split PF must be deducted on basic + da (it can be 40% or 60% of the gross salary)
For minimum wages update check out Minimum Wages in West Bengal
EC = Enrollment Certificate RC = Registration Certificate
rahulplatys ESI is applicable on IT organisation such as you stated, but keep in mind that applicability is only on production i.e. some output must be there for ESI to cover the establishment.
Stay Cool
Atom
From India, Phagwara
Dear Sukanta,
The max salary for contribution to ESI is Rs 15000/- as rightly mentioned by you. What should be the minimum salary? As per the minimum wages act, the employer has to pay the min wages laid down by the state. You cannot pay less than minimum wages. Now ESI is payable on total emoluments including allces. Therefore to my mind min salary for contribution to ESI is the min wages laid down by the state.
Regards
Securityexpert
From India, New Delhi
The max salary for contribution to ESI is Rs 15000/- as rightly mentioned by you. What should be the minimum salary? As per the minimum wages act, the employer has to pay the min wages laid down by the state. You cannot pay less than minimum wages. Now ESI is payable on total emoluments including allces. Therefore to my mind min salary for contribution to ESI is the min wages laid down by the state.
Regards
Securityexpert
From India, New Delhi
Hello, Thanks for reply. I want to know about the rules & regulation of the ESIC deduction. i.e. To whom it is applicable? What are the % rate of the ESIC deduction? etc.... Regards, Sanjivani
From India, Mumbai
From India, Mumbai
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SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx
Copy of Salary Template esic.xls
Delhi - Minimum Wages w.e.f. 01.10.2012 (1).pdf