I want to know if an organization pays provident fund on a ceiling limit basis of Rs 6,500. In such a case, if an employee has worked for a part month (say 20 days) and earned wages for PF equal to Rs 6,000, will the limit of Rs 6,500 be revised on a pro-rata basis for 20 days for comparison, or will it remain the same?
From India, Delhi
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The Ceiling is Rs.6500/- salary earned during the month. It the earned salary is less than Rs.6500/-, the PF deduction will be restricted to the lesser salary.
From India, Hyderabad
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109From India, Hyderabad
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Sir/Madam, my question is very simple. If an organization contributes PF on a ceiling limit basis, then if an employee has worked for less than one month, say 10 days, and earned Rs 6200 for these days, will the ceiling limit be revised on a pro-rata basis for comparison (i.e., 2096 (6500/31*10)) and PF deducted on 2096 (as the revised ceiling limit), or will there be no revision in the ceiling limit, and PF deducted on Rs 6200, being the lower of 6500 or 6200?
Please answer in reference to this example.
From India, Delhi
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Please answer in reference to this example.
From India, Delhi
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PF CHALLAN & CALCULATION SHEET.xls
PF salab limit.pdf