Dear Team, I am working in a facilities management company. One of the clients wants to ceil in EPF amount @15000/- but Delhi's minimum wage is 18797 skilled salary. It is possible for a ceiling on 15000/- basic on EPF?
From India, Delhi
From India, Delhi
625
Dear Mr.Bijay Majumdar,
I request you to kindly peruse following link:
https://www.zeebiz.com/personal-fina...ly-soon-146785
in support of my earlier post No.2 dated 23rd Jan 21
From India, Aizawl
I request you to kindly peruse following link:
https://www.zeebiz.com/personal-fina...ly-soon-146785
in support of my earlier post No.2 dated 23rd Jan 21
From India, Aizawl
You can fix the contribution limited to the ceiling amount. For any amount in excess of ceiling (Rs 3797 in this case) no PF is deducted and the employer also need not make any contribution. However, it is also possible that the employee contributes based on the actual salary but the employer contribution is limited to the ceiling amount.
From India, Mumbai
From India, Mumbai
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