Hi Everyone,
Could someone please address my query below? If, in any case, the employee's basic salary is more than Rs 6,500/-, does the employee contribution apply to the actual basic salary (which is higher than Rs 6,500/-)? Can the company contribute only up to Rs 6,500/-?
Regards,
Rajesh
From India, Madras
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Could someone please address my query below? If, in any case, the employee's basic salary is more than Rs 6,500/-, does the employee contribution apply to the actual basic salary (which is higher than Rs 6,500/-)? Can the company contribute only up to Rs 6,500/-?
Regards,
Rajesh
From India, Madras
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Hi Rajesh Yes Employer and Employee can contribute PF on 6500/- Please go through the attachment. I hope it will be helpful to you. Regards Rajni.
From India, Rajkot
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From India, Rajkot
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Dear Rajni,
Thank you for your response. In my case, we want to deduct on actual from the employee, and the employer can only contribute Rs 6,500/-. Is this possible?
For example:
Employee basic - Rs 8000/-
Employee contribution - Rs 960/-
Employer contribution - Rs 780/-
Balance (Rs 180/-) - can we pay this in take-home salary?
Secondly, is there any possibility to suddenly bring the contribution into the ceiling amount of Rs 6,500/-? Both the employee and employer have been contributing on the entire actual amount (which is more than Rs 6,500) for the past 10 years.
Please note: If you have any related documents or court verdicts, please share them with me.
Regards,
Rajesh
From India, Madras
Acknowledge(0)Amend(0)
Thank you for your response. In my case, we want to deduct on actual from the employee, and the employer can only contribute Rs 6,500/-. Is this possible?
For example:
Employee basic - Rs 8000/-
Employee contribution - Rs 960/-
Employer contribution - Rs 780/-
Balance (Rs 180/-) - can we pay this in take-home salary?
Secondly, is there any possibility to suddenly bring the contribution into the ceiling amount of Rs 6,500/-? Both the employee and employer have been contributing on the entire actual amount (which is more than Rs 6,500) for the past 10 years.
Please note: If you have any related documents or court verdicts, please share them with me.
Regards,
Rajesh
From India, Madras
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Hi Rajesh,
I want to know why your organization wants to do such things. Instead of deducting from the actual amount, which is 8000/- PF amount 960/-, deduct it from the amount 6500/- PF amount 780/- and let the employer contribute the same. The amount 180, which is the difference, will anyway get added to the take-home amount. Hope you will understand what I mean.
Please do reply.
Regards, Rajni.
From India, Rajkot
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I want to know why your organization wants to do such things. Instead of deducting from the actual amount, which is 8000/- PF amount 960/-, deduct it from the amount 6500/- PF amount 780/- and let the employer contribute the same. The amount 180, which is the difference, will anyway get added to the take-home amount. Hope you will understand what I mean.
Please do reply.
Regards, Rajni.
From India, Rajkot
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Employer-PF-res trict to wages of Rs 6500.pdf
Employee Benefits.doc