Pf deductions

Guest (Querist) 21 July 2015 This query is : Resolved
Dear All,

We are a Private Limited Company and we have employed 5 employees on contract basis.

Now today we had a query wrt deduction of Provident Fund amount. There is no clarification whether PF has to be deducted on Gross Salary or Basic Salary? Our Contractor is saying that PF is to be deducted on Gross and Some are saying that it should be deducted on Basic. Request you to kindly give a clarification on this.
And also request you to kindly share any circular or notification in this regard.

Regards
Neeharika

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Kumar Doab (Expert) 21 July 2015
Refer to your company's contracted Labor Law Consultant................with detailed break up...................and let the company's consultant give an authenticated opinion that employer can follow.

Or Refer to def. of Wages in the Act on PF.

Or Visit APFC,RPFC with break up of wages and they shall be happy to guide you.

M/s. Y-not legal services (Expert) 21 July 2015
its duly according to your offer letter, or your companies terms and conditions madam.

if you have any document relevant this mean you can clear it by your self..

M/s.Y-not legal services,
pil4yu@gmail.com
08754014990

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