Dear Member,
I want to know about the cretria for determining the basic salary for EPF. Is there any requirement like basic should be at least 40% or 50% of total salary ?
it is urgent.
Thank you
rohit (Article Assistant) (34 Points)
14 July 2014Dear Member,
I want to know about the cretria for determining the basic salary for EPF. Is there any requirement like basic should be at least 40% or 50% of total salary ?
it is urgent.
Thank you
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 14 July 2014
Hi
As such there is no crieterion for Max amount, but monimum amount should be in line with Minimum wages.
Thanks//VaibhavJ
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 14 July 2014
Hi
As such there is no crieterion for Max amount, but monimum amount should be in line with Minimum wages.
Thanks//VaibhavJ
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 08 August 2014
As far as I concern maximum limit of EPF deduction is Rs. 780/- per month which shows that EPF should be deducted @ 12% on basic salary of Rs. 6500/- per month or less.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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