According to new circular issued by PF officials, Employee PF will be calculated against complete salary as compared to just Basic & DA earlier.
Please check and revert on an urgent basis on how this will impact us towards Company’s contribution.
From India, Hyderabad
2Please check and revert on an urgent basis on how this will impact us towards Company’s contribution.
From India, Hyderabad
Hi,
Please refer the attachment wherein it has been stated that wages (basic+DA and so on) on which EPF/EPS contribution to be made can be restricted to Rs.6,500.00 and if employer is ready to pay the administrative and other charges over and above the wage limit of Rs.6,500.00, contributions can be made accordingly.
I feel that the circular is issued to avoid the misinterpretation of the term 'basic wages' and splitting up of the minimum wages.
I am of the view that any change/amendment in an Act can be made only through gazette notifications and not not through mere circulars.
However, if I am not correct, please clarify.
From India, Erode
Please refer the attachment wherein it has been stated that wages (basic+DA and so on) on which EPF/EPS contribution to be made can be restricted to Rs.6,500.00 and if employer is ready to pay the administrative and other charges over and above the wage limit of Rs.6,500.00, contributions can be made accordingly.
I feel that the circular is issued to avoid the misinterpretation of the term 'basic wages' and splitting up of the minimum wages.
I am of the view that any change/amendment in an Act can be made only through gazette notifications and not not through mere circulars.
However, if I am not correct, please clarify.
From India, Erode
Sir,
I am to inform you that the Honorable Union Minister for Labour and Employment Sri Mallikarjun Kharge stated that the circular dated 30-11-2012 issued by the EPF department is kept in abeyance. The same is published in the Hindu dated 14-12-2012 which is attached here to for information of the members.
B.LAKSHMAN RAO
From India, Visakhapatnam
I am to inform you that the Honorable Union Minister for Labour and Employment Sri Mallikarjun Kharge stated that the circular dated 30-11-2012 issued by the EPF department is kept in abeyance. The same is published in the Hindu dated 14-12-2012 which is attached here to for information of the members.
B.LAKSHMAN RAO
From India, Visakhapatnam
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