Epf calucation

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ammaji rajulapati (Querist)
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11 January 2014 Friends,

In calucation of EPF Basic + Da =Basic salary is not exceed minim wage that type of transaction we have to consider the gross wage.please clarify it.

@VaibhavJ

@VaibhavJ (Expert)
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11 January 2014 Hi

No, its on Basic + DA!

Thanks

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ammaji rajulapati

ammaji rajulapati (Querist)
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15 January 2014 sir,

which person not crossed the minim wage limit that person EPF calculation we have to consider the minim wage

Ex : mr X Basic + DA =3950 , in the month of June"13 he is the semi skilled , minim wage is 4289.75 (Basic wage 2404 + DA 1885.75). EPF calculation 4289.75*12% or 3950*12% which calculation we have to taken .
please clarify me.

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@VaibhavJ

@VaibhavJ (Expert)
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15 January 2014 Hi,

It is to be calculated @ 12% on amount paid to an employee.

Thanks