I have a doubt . Is there any thing like if a person's basic salary is less than 15000 mandatory pf deduction would be flat 1800 & whose basic salary is more than 15000 then mandatory deduction would be 12% on basic?(Except Esi employee) ?
From India, Bengaluru
From India, Bengaluru
If basic is less than 15k, consider all allowances except HRA for pf calculation.otherwise 12% on actual basic Contribution can be limited to 15k independent of higher the basic component
From India, Chennai
55From India, Chennai
Hi Anonymous,
Actually it is vice versa of what you have said.
If the BP is less that Rs.15000, 12% of all components except HRA
If the BP is more than Rs.15000, the contribution is restricted to Rs. 1800
From India
Actually it is vice versa of what you have said.
If the BP is less that Rs.15000, 12% of all components except HRA
If the BP is more than Rs.15000, the contribution is restricted to Rs. 1800
From India
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