Let me know this weather compelsary to deduct EPF contribution to paying more than the celling of wages
From India, Salem
From India, Salem
There is no compulsion on employer to deduct EPF contribution from salary of employees if their gross salary is more than Rs.15,000/- However if they already have been contributing to their EPF a/c, and they are willing both employees & employer's contribution is continued and treat their salary capped for EPF at maximum of Rs.15000/- as EPS contribution also involved in this.
The rate of deduction & contribution by employer shall remain @ 12% on gross salary.
Your queries are answered in this link-
https://www.citehr.com/583314-mandat...epf-wages.html
From India, Bangalore
The rate of deduction & contribution by employer shall remain @ 12% on gross salary.
Your queries are answered in this link-
https://www.citehr.com/583314-mandat...epf-wages.html
From India, Bangalore
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