Most urgent - clarification in pf act regarding salary structure

Stella James (Querist) 16 February 2012 This query is : Resolved
Hi Experts,

Kindly let me know how much percentage of gross should be shown as basic salary for an employee as per the PF act? Is there any clause under the PF act which specifies this?

Thanks,
Stella

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H.M.Patnaik (Expert) 17 February 2012
No, there is no such prescription in the EPF Act.

K.S.Srinivas (Expert) 20 February 2012
No such a clause please.

Kirti Kar Tripathi (Expert) 21 February 2012
what do you mean by gross salary, gross salary includes basic salary, D.A. and other allowances. PF is deductible from Basic and D.A. only.

Guest (Expert) 21 February 2012
There is a difference between gross salary and the salary for the purpose of verious deductions.

prabhakar singh (Expert) 21 February 2012
you shall get a better answer from us if you choose to ask directly the exact problem you have instead of such abstracts???????

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