Hi, What are you looking for ? PT Act in Karnataka or PT rules & Regulations in Karnataka ? Not Clear. If you express more specifically, we can revert. StayCool, Srini
From India, Mumbai
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10From India, Mumbai
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Hi,
I need your help to understand if there is any rule that states we can either have 12% of basic as PF or Rs. 780/-? Is there anything in Maharashtra Govt. rules? Please help me understand the same.
From India, Ahmadabad
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I need your help to understand if there is any rule that states we can either have 12% of basic as PF or Rs. 780/-? Is there anything in Maharashtra Govt. rules? Please help me understand the same.
From India, Ahmadabad
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Hi,
Yes, as per the PF Act, you can fix an employee's maximum basic salary at Rs. 6500. This is known as the ceiling limit. However, it is at the respective company's discretion to follow the ceiling limit or not. Regardless, 12% of the basic salary is fixed. This is a central Act and is applicable in all states except J&K and Union Territories.
Stay Cool,
Srini :-P
From India, Mumbai
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Yes, as per the PF Act, you can fix an employee's maximum basic salary at Rs. 6500. This is known as the ceiling limit. However, it is at the respective company's discretion to follow the ceiling limit or not. Regardless, 12% of the basic salary is fixed. This is a central Act and is applicable in all states except J&K and Union Territories.
Stay Cool,
Srini :-P
From India, Mumbai
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MP Professional Tax Act, 1995.pdf