Aztec Plus Software

Dear All,The PF office has issued guidelines regarding the definition of Basic wages. Contributions will now be based on Basic wages plus all allowances. Be prepared to take on additional liability for PF contributions.Regards,Vinod Bidwaik

Thank you for sharing the EPF Circular. Can anyone tell from which date (approximately) it is effective? As per the circular, there is an enquiry report to be submitted by the RPFC for consideration of the Compliance Officers.

Even though the circular intends to include various allowances within the definition of basic wages under Sec. 2(b), the contributions will be computed on the wage limit of Rs. 6500/- per month only. Hence, it may have no sweeping effect from the employer's poin...

(b) “basic wages” means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in eithercase in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include...

Thank you for the valuable information.With warm regards,Faruk ShaikhAssistant Manager - Human ResourcesSpan Diagnostics Limited | Plot No. 336-338-340, Road No. 3, GIDC, Sachin - 394 230, Surat, Gujarat, IndiaPhone: +91-261-239 7712 | Fax: +91-261-239 7719 | We...

@madhan.rk:> Madhan, PFA the circular from EPF..(Ref point no 12)> Regards, MadhanDear Madhan,Please define, does this have any impact on para 26A of PF scheme.Regards, Pushkar Bisht

It is necessary if your establishment is a factory specified under Schedule I to the Act or the one covered by Government notification and employing 20 or more persons.B. SaikumarMumbai