Dear Preeti, yes you are right way as per the rules PF Gratuity to be calculate on Basic + DA.........
From India, Mumbai
45From India, Mumbai
Dear Nirav,
Are I am not talking about the graduity......I am talking about the Deduction we do on monthly basis.....
I always take 12% of Basic+DA on basis of no of days person is present.
Regards
Preeti Shukla
From India, Delhi
Are I am not talking about the graduity......I am talking about the Deduction we do on monthly basis.....
I always take 12% of Basic+DA on basis of no of days person is present.
Regards
Preeti Shukla
From India, Delhi
Dear Preeti, i am understand your question about PF.your calculation on PF is in right.................................................................
From India, Mumbai
From India, Mumbai
Dear Preeti, now all your doubt have been cleared. but i would like to advice to that you need to improve knowledge about Payroll process.
From India, Mumbai
From India, Mumbai
Dear Nirav,
Thanks for your suggestion. I will definitely work on it............it been only 4 months i am in HR Generalist role....so have many doubts....and company in which I am working was nt having HR dept before...so you can understand lot of burden....but I know its not a excuse....I will surely try to learn more on payroll process.
Regards
Preeti
From India, Delhi
Thanks for your suggestion. I will definitely work on it............it been only 4 months i am in HR Generalist role....so have many doubts....and company in which I am working was nt having HR dept before...so you can understand lot of burden....but I know its not a excuse....I will surely try to learn more on payroll process.
Regards
Preeti
From India, Delhi
As per internal circullar of PF/ESIC inspector,
Basic + DA wages cannot be less than Miniumum wages.
if above minimum wages, Not less then 55% of gross.
Means Minimum wages or 55% of gross whichever is higer is applicable.
If you not follow the basic rules, PF and Labour dept may create objection and give the order of balance payment.
It has been no of time in india.
Now a days, PF Dept is online. they can easily check with basic wages, whether it is below then minimum wages or not ?
So please, I want to suggest everybody. Pleaase Follow the govt. rules if you not want any problum in future.
From India, Rajkot
Basic + DA wages cannot be less than Miniumum wages.
if above minimum wages, Not less then 55% of gross.
Means Minimum wages or 55% of gross whichever is higer is applicable.
If you not follow the basic rules, PF and Labour dept may create objection and give the order of balance payment.
It has been no of time in india.
Now a days, PF Dept is online. they can easily check with basic wages, whether it is below then minimum wages or not ?
So please, I want to suggest everybody. Pleaase Follow the govt. rules if you not want any problum in future.
From India, Rajkot
Dear Preeti, I know your situation that i am giving you advice you must read Taxation book chapter Salary....................................
From India, Mumbai
From India, Mumbai
Srikanth !! She is using method 2, where sunday not to be added. pf would be on 13 days basic salary only.
From India, Rajkot
From India, Rajkot
Dear Ms.Preeti,
If employee has worked for 13 days then PF calculated on total 13+2w/off =15 day because as per the weekly Holidays act ,1942 ,every employee eligible for One weekly holiday in week after six days working.
From India, Haldwani
If employee has worked for 13 days then PF calculated on total 13+2w/off =15 day because as per the weekly Holidays act ,1942 ,every employee eligible for One weekly holiday in week after six days working.
From India, Haldwani
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