EPF allowances: Clarification by Jan
Raj Kumar Ray: New Delhi, Dec 17 2012, 00:51 IST
to R6,500 per month.
“Wherever, the employer is contributing on wages more than R6,500 as basic pay, there is no such liability on the employer to pay PF on conveyance allowance or night shift allowance,” he said.
To clear the haze, the authorities need to see whether the EPFO circular has legal sanction, E Balaji, CEO of Randstad India, advocated. “Whether it is binding to all organisations, we need to wait and see. There could be cost implications and salary structures may have to be restructured,” he said.
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