PF office has issued the guidelines about the definition of Basic wages. Now Contribution will be on Basic plus all allowances.
Be ready to take additional liability as a PF contribution. PFA the circular from EPF..(Ref point no 12)
Click Here To Download Circular
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As the increase in CTCs do not happen to the required extent, the take home salaries are at stake. It will be difficult for an employee to survive. Is it really needed? For what reason has this been decided?