Monday, October 12, 2009

PF attract for overtime wages?


QUESTION---"Whether this over time wages will attract PF Contribution for both employee and employer"




ANSWER --OT is not wages under EPF &MP Act,1952 ,so pf will not be deducted on OT.ESI contribution is payable on overtime wages but PF contribution is not.

2 comments:

Vijayaraghavan said...

Overtime is calculated based on the fixed monthly salary which is basically composed of Basic + DA. Hence, PF is applicable till the monthly ceiling of Rs.6500/-

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