India - Employee Provident Fund Organization issues guidelines on the definition of basic wages

Global Watch ()

The Indian Employee Provident Fund Organization (EPFO) recently issued a circular which provides guidelines on (i) the definition of 'basic wages' on which contributions to the Provident Fund (PF) are to be calculated, and (ii) the process by which certain inquiries and audits are conducted. The clarifications provided by the EPFO are expected to increase global mobility costs.