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:
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/-
Write more, thats all I have to say. Literally, it seems as
though you relied on the video to make your point. You definitely know what youre talking about, why throw away your intelligence on just posting videos to
your site when you could be giving us something informative to
read?
Feel free to visit my web page; windows registry cleaner
My web page :: best registry cleaner
Post a Comment