Dear Friends,
Is special allowance(conveyance, performance incentive) be part of basic wage for calculating PFsalary.
For example person with (Basic wage : 14000, HRA 3000, conveyance 2500, performance incentives 1000).So his EPF can be 14000x12% = 1680 or 17500x12% =1800
Please advise us..
Regards
ARUN
From India, Chennai
Is special allowance(conveyance, performance incentive) be part of basic wage for calculating PFsalary.
For example person with (Basic wage : 14000, HRA 3000, conveyance 2500, performance incentives 1000).So his EPF can be 14000x12% = 1680 or 17500x12% =1800
Please advise us..
Regards
ARUN
From India, Chennai
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Special Allowance not part of Basic Wages.pdf