Dear all,
Please tell me if the basic salary of an employee is more than 6,500 Rs. (lets say 8,000 Rs.) so his PF amount would be deducted on 8000 Rs (i.e. 12% of 8000) or it would be flat on 6500?
Thanks
From India, Delhi
Please tell me if the basic salary of an employee is more than 6,500 Rs. (lets say 8,000 Rs.) so his PF amount would be deducted on 8000 Rs (i.e. 12% of 8000) or it would be flat on 6500?
Thanks
From India, Delhi
Dear friends, The statutory requirement is on ceiling limit. But if employee and employer wish, the contribution can be on actual salary. Abbas.P.S
From India, Bangalore
517From India, Bangalore
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Steps to transfer PF amount.jpg
PF Amount Balance Check.xls
PF Notification for enhancement of wage ceiling & Pension wef 1-Sep-14.pdf