PF Deduction Calculation In Excel

Dear all,As we all know, minimum wages should be equal to Basic + D.A. Please provide me suggestions.1\. If an employee's Basic + DA is 9500, it means it exceeds the PF ceiling limit of 6500\. For instance, if Basic is 6200 and DA is 3300, the total becomes 9500...

Respected,It has come to my attention from sources that the selling of PF deduction is now 15,000 instead of 6,500 w.e.f. 1st April 2014\. Is this true?Kamlesh Pandya (Proprietor) Sai Industrial Services

Hello all,It means that if an employee has never been a member of PF earlier and his starting Basic+DA is > 6500 (Basic 6200 and DA 3300), as per your suggestion, he is exempted from PF deduction. It does not matter even if his Basic is less than 6500 because hi...

Thanks, Mr. Sumit.My question was, "My Basic is 6200 and DA is 3300, totaling 9500\. In this case, can we be exempt from PF or not, as BASIC + DA is showing more than 6500? Am I legally compelled to deduct PF?Secondly, I have heard that most of the time, Overtim...

Dear Vikas,Greetings for the day,Answer for the query cited below:1) It is true that minimum wages are the component of basic + DA. Secondly, EPF is applicable to the same. As far as the ceiling of Rs. 6500/- is concerned, it is only for EPS/EDLI. If the wages f...

Dear Vikas,PF is always calculated on Basic & DA (as you have DA in your salary structure). So PF will be 12% of (Basic + DA).Exemption from PF:If the employee has never been a member of EPF, meaning PF was not deducted in their previous company and their basic ...

Hello seniors,It seems to be a low response as I never expected from all of you. Please suggest me on my PF query.

@sai:> Respected,> > It has come to my attention from sources that the selling of PF deduction is now 15000, instead of 6500 w.e.f. 1st April 2014\. Is this true??> > Kamlesh Pandya (Proprietor)> Sai Industrial ServicesDear Sir,Greetings for the day,We are still...

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