Dear All
Should we consider food allowances in defination of Basic Salary for deducting of EPF?
Pankaj Arora (Learner) (3134 Points)
13 April 2011Dear All
Should we consider food allowances in defination of Basic Salary for deducting of EPF?
Pankaj Arora
(Learner)
(3134 Points)
Replied 13 April 2011
The cash value of any food concession only is included its my view and others members views are most welcome...
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 13 April 2011
for EPF if the cash paid to emplooyee as food allowances, then included in salary, but if the employer buy foods and distributes among the workers ( to be accounted in workmen welfare in P/L) then its not to be included,
Pankaj Arora
(Learner)
(3134 Points)
Replied 13 April 2011
thanks for reply Mr. Sharma but neither company buys food for employee nor employer cash paid as food allowances... company just bifurcate this expenese in salary slip and issue cheque of net salary...
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 13 April 2011
| Originally posted by : Pankaj Arora | ||
 |
thanks for reply Mr. Sharma but neither company buys food for employee nor employer cash paid as food allowances... company just bifurcate this expenese in salary slip and issue cheque of net salary... |
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bifurcate the amount, ..............and issue cheque of net salary, if salary is inclusive of food allowance, then epf chargable,
Pankaj Arora
(Learner)
(3134 Points)
Replied 13 April 2011
yes we have bifurcate amount but the problem is PF rules says that The cash value of any food concession only is included.........
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