employee provident fund
seshachala
(Querist) 03 January 2009
This query is : Resolved
please tell us is basic wages on which the epf is calculated is to be the minimum wages of the state or is it to be 60% of the gross salary. Is there any statuatory guide lines or any case laws stating that the basic wages must be not less than the minumum wages.
seshachala
(Querist) 03 January 2009
please give sugesstion
H. S. Thukral
(Expert) 10 January 2009
The PF is payable on miimum wages. The PF Commissioner is vested with powers to lift the veil to see if the wages have been split up to subterfuse reduction in PF. I opine to read the KT High Court in Group 4 Securitas case 2004 (2) LLJ 1142, for further knowledge
A. A. JOSE
(Expert) 21 February 2009
Very relevant information by Mr.Harbhajan Singh and I endorse the same with thanks.
Hiralal Das
(Expert) 08 April 2009
Thanks all of you the ld. members and the author.